June E-mini S&P stock futures this morning are trading solidly higher by +0.70% on support from higher global stocks, which have rallied on yesterday’s dovish Yellen comments. The Euro Stoxx 50 index is up +1.60% this morning and China’s Shanghai Composite index rallied by +2.77%. The dollar is down by another -0.20% on the continued bearish influence from yesterday’s Yellen comments. June 10-year T-notes are down -1.5 ticks.
The European Commission’s March Eurozone executive and consumer confidence index fell by -0.9 points to a 1-year low of 103.0 from Feb’s 103.9, weaker than market expectations for a -0.1 point decline to 103.8.
Japan’s Feb industrial production fell by -6.2% m/m and -1.5% y/y, which was mixed compared with market expectations of -5.9% m/m and -1.7% y/y and followed Jan’s report of +3.7% m/m and -3.8% y/y.
Japan’s Feb vehicle production fell by -6.9% y/y, weaker than Jan’s -5.8% y/y.
| Morning Markets | Last | Chg | %chg |
| E-mini S&P 500 (M6) | 2061.00 | 13.50 | 0.66% |
| Europe Euro Stoxx 50 | 3053.56 | 48.69 | 1.62% |
| Japan Nikkei Index | 16879 | -225 | -1.31% |
| China Shanghai Comp. | 3001 | 81 | 2.77% |
| 10yr T-notes (CBT)(M6) | 129.305 | -0.015 | -0.04% |
| U.S. Dollar Index | 94.970 | -0.190 | -0.20% |
| Euro FX (EUR/USD) | 1.1319 | 0.0028 | 0.25% |
| Dollar-yen (USD/JPY) | 112.32 | -0.38 | -0.34% |
| Sterling (GBP/USD) | 1.4404 | 0.0020 | 0.14% |
| WTI Crude Oil (K6) | 38.92 | 0.64 | 1.67% |
| Brent Crude Oil (K6) | 39.65 | 0.51 | 1.30% |
| Gasoline (Nymex) (K6) | 1.4837 | 0.0029 | 0.20% |
| Gold (Comex) (J6) | 1237.9 | 2.1 | 0.17% |
| Silver (Comex) (K6) | 15.380 | 0.147 | 0.97% |
| Copper (Comex) (K6) | 2.199 | -0.016 | -0.70% |