First Look
Futures are pointed slightly higher Tuesday morning with uncertainty around the pace of interest rate hikes going-forward. Money market futures suggest that the Federal Reserve will need to raise rates to a higher peak than previously expected. Meanwhile, China continues its moves to ease Covid policies with Beijing announcing it will scrap testing requirements for a majority of public venues. Lastly, shares of Signet Jewelers (SIG) are 4.43% higher this morning following the company's earnings and revenue beat along with raised full-year guidance. The Nasdaq is up 0.2%, the S&P is up 0.1%, the Dow Jones is up 0.08%.
Today's Sentiment
NeutralQuote of the Day
You have to be ready to pounce when a rare chance comes.
Susie Wolff
Daily Action Trade
Stocks on the Move
Higher
Lower
Upgrades & Downgrades
Upgrades
Downgrades
International Markets
Stocks in Asia are mixed. The Nikkei 225 is up 0.24%, the Shanghai SE Composite Index is up 0.02%, the Mumbai Sensex is down -0.33% the Hang Seng is down -0.4% and the Australia ASX All Ordinaries is down -0.53%. Stocks in Europe are down. The FTSE 100 is down -0.34%, the CAC 40 is down -0.14%, the DAX is down -0.13% and the Euro Stoxx 50 is down -0.08%.
Futures & Currencies
Energy futures are down today. The price for West Texas Intermediate crude oil is down -1.31 at 75.62 per barrel. Brent crude is down -1.36 at 81.32 per barrel. Natural Gas is down -0.11 at 5.46. Precious metals are up this morning. Gold is up 12.13 at 1780.81 per ounce. Platinum is up 0.37 at 1002.83 while silver is up 0.27 at 22.69. The dollar is down compared to the major currencies today. The greenback is down against the euro, down against the Yen and down against the Pound. Bitcoin is down -1.45% to $17,011.02 while Ethereum is down -2.5% to $1,258.70.
Put/Call Ratio
Yesterday, 1,465,151 call contracts traded on the Chicago Board Options Exchange (CBOE) compared to 965,707 put contracts. The single-session put/call ratio was 0.66.
Today's Economic Calendar
| No. | What's Happening? | Period | Release Time |
|---|---|---|---|
| 1 | Trade Balance | Oct | 08:30 ET |
