S&P equity futures are above Wednesday’s close. S&P futures moved lower over the past hour after the WSJ reported that China asked local governments to prepare for ‘possible storm’ from the demise of Evergrande. Asian markets mostly higher overnight with Hong Kong a standout, up over 1%, while Japan was closed for holiday. European markets seeing strong gains. Treasuries mostly weaker with the curve flattening again. Dollar better vs yen but weaker against euro and sterling and under some pressure on the commodity crosses. Gold off 0.2%. Bitcoin futures up 1.6%. WTI crude down 0.6%.
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