News and rumors trickled out about the Wuhan virus, hitting its peak as the first US person-to-person transmission was reported in the US. Futures moved steadily higher throughout the session, closing near the day’s highs.
Futures followed stocks lead, as they shook off the virus concern and moved steadily higher throughout the day. Eurodollar futures had a relatively big 9-10 tick range for most contracts, closing near their lows of the session. All eyes turn to the Fed tomorrow.
With little economic data to key on, markets instead focused on the Wuhan coronavirus outbreak and its possible ramifications. Futures chugged steadily higher throughout the morning, only to retreat later in the session as nerves calmed.
Big overnight trade in the EDU0. Best guess is that it’s a cover of some sort, as there hasn’t been a lot of 82 put buying recently, and certainly not much call selling! Open interest will give us a better idea tomorrow,
Futures traded in a tight range, 4-5 ticks for most contracts. With no real economic news and geopolitical noise on hold, the day session was mostly quiet as traders look ahead to tomorrow’s NFP release.
The first “real” trading day was met with little enthusiasm. Futures trade in a 5-6 tick range for most contracts. No real economic news as markets continue to monitor the situation in the Middle East and look forward to unemployment numbers at the end of the week.