First Look
Markets are higher before the open Tuesday. There have been no new developments in the trade war between the U.S. and China since President Trump claimed China called the U.S. to make a deal, which China all but denied. The agreement reached between the U.S. and Japan over the weekend is already under threat, with Japan insisting that the U.S. stop additional tariff threats on auto imports before finalizing a trade deal. The Nasdaq is up 0.2%, the S&P 500 is up 0.1%, the Dow Jones is up 0.09%.
Today's Sentiment
NeutralQuote of the Day
Spread love everywhere you go. Let no one ever come to you without leaving happier.
Mother Teresa
Daily Action Trade
Stocks on the Move
TechnipFMC PLC (FTI), Activision Blizzard, Inc. (ATVI) and Johnson & Johnson (JNJ) are moving higher this morning, while J M Smucker Co (SJM), Nordstrom, Inc. (JWN) and Xerox Holdings Corp (XRX) are headed lower. Exelon Corporation (EXC), Cree, Inc. (CREE) and Weight Watchers International, Inc. (WW) were upgraded by analysts this morning, while Cardinal Health Inc (CAH), SRC Energy Inc (SRCI) and Red Robin Gourmet Burgers, Inc. (RRGB) were downgraded.
International Markets
Stocks in Asia are mixed. The Shanghai SE Composite Index is up 1.35%, the Nikkei 225 is up 0.96%, the Australia ASX All Ordinaries is up 0.53% the Mumbai Sensex is up 0.39% and the Hang Seng is down -0.06%. In Europe stocks are mixed. The DAX is up 0.53%, the Euro Stoxx 50 is up 0.39%, the CAC 40 is up 0.27% and the FTSE 100 is down -0.14%.
Futures & Currencies
Energy futures are up today. The price for West Texas Intermediate crude oil is up 0.73 at 54.37 per barrel. Brent crude is up 0.59 at 59.29 per barrel. Natural Gas is up 0.05 at 2.23. Precious metals are up this morning. Gold is up 3.84 at 1531.15 per ounce. Platinum is up 6.75 at 862.86 while silver is up 0.21 at 17.99. The dollar is mixed compared to the major currencies today. The greenback is flat against the euro, down against the Yen and down against the Pound.
Put/Call Ratio
Yesterday, 758,100 call contracts traded on the Chicago Board Options Exchange (CBOE) compared to 439,235 put contracts. The single-session put/call was 0.58 while the 20-day moving average is now at 0.73.
Today's Economic Calendar
| No. | What's Happening? | Period | Release Time |
|---|---|---|---|
| 1 | FHFA Housing Price Index | Jun | 09:00 |
| 2 | S&P Case-Shiller Home Price Index | Jun | 09:00 |
| 3 | Consumer Confidence | Aug | 10:00 |
