Global Stocks Rebound From Korea Jitters; S&P Flat As Fed Minutes Await; Oil Slides
by Tyler Durden
Jul 5, 2017 6:44 AM
S&P futures were little changed at 2,425, ignoring the N.Korea tensions of the past two days which will likely be a major topic in the upcoming G-20 summit, as European stocks fluctuate and Asian markets advance. Crude oil fell, snapping the longest winning streak this year, as Russia said it opposed any proposal to deepen OPEC-led production cuts.
Just like Tuesday, it was a session of two halves, with the Yen initially starting the day stronger as military tensions built up in Korean peninsula, and cash Treasuries breaking with a firmer tone as 10-year yield initially fell. Aussie reversed part of Tuesday’s losses despite a drop in Caixin PMI data, and Dalian iron ore 1.6% higher.
http://www.zerohedge.com/news/2017-07-05/global-stocks-rebound-korea-jitters-sp-flat-fed-minutes-await-oil-slides
