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    Pre market futures the euro’s rise against the US dollar

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    The euro’s rise against the US dollar overnight has boosted commodity-linked equities, lifting pre market futures for S&P 500’s materials sector by 0.27%. Currency-driven equity shifts remain a watchpoint for day traders. However, the best could be yet to come. As interest rates (hopefully) fall over the next few years, it should become a far better environment to expand. Management sees a $100 billion investable universe of properties in categories EPR could pursue, and this is a market that is likely to get even larger over time. After the opening bell this morning, we’ll see the final print on S&P Services PMI and ISM Services . Both are expected to come down a tad from the initial reports, but remain above the 50 threshold which determines growth from retraction. In last week’s jobs numbers, particularly in the private-sector ADP ADP report, the Services sector has shown some signs of relative weakness. Any downward surprise to these numbers today may remind investors of this. Q1 earnings season remains robust today, with Ford F, Clorox CLX and Lattice Semiconductor LSCC reporting results after today’s close, to name but a few. Although most of the “Mag 7” stocks have already reported for the term, we still have a bevy of reports expected this week, including from semiconductor major AMD AMD, Walt Disney DIS and crypto platform Coinbase COIN. Questions or comments about this article and/or author? Click here>> Gold prices edging up to $2,340/oz have indirectly supported defensive sectors in pre market futures. Historically, such commodity-linked moves temper equity volatility for large-cap indices.

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