Housekeeping: Good Morning.
CNBC Sends Some Love to Precious Metals, Bank Fears are back, Silver and Gold Rally,
Contents
Current Prices
Yesterday’s Activity
Data Due
News
Markets/Metals Commentary
Market Gameplan
Attached: Soc Gen, ING
Yesterday’s Activity:
Bank Fears are Back
Precious Metals- strong SVB style.. shorts spooked a little
Oil- could not get out of its own way
US equities- eke out a profit
Bonds- stronger
DX- softer
Crypto- firmer
Week’s Data:
MONDAY, FEB. 59:45 am S&P final U.S. services PMI Jan. 52.5 -- 52.9
TUESDAY,FEB. 6 Fed speakers all dayWEDNESDAY, FEB. 7 More speakers, Consumer credit
THURSDAY, FEB. 8 8:30 am Initial jobless claims
FRIDAY, FEB. 9 8:30 am CPI seasonal factor revisions
Full calendar1
News:
News Links here
NOTABLE HEADLINES
US House rejected the Republican-led effort to pass a standalone Israel aid bill without funds for Ukraine with the final vote at 250 to 180, which is short of the two-thirds majority required for the expedited procedure.
Moody's downgraded New York Community Bancorp's (NYCB) long-term issuer rating to junk status of Ba2 and said most ratings remain on review for a further downgrade.
Hang Seng and Shanghai Comp were mixed despite early momentum following the latest support efforts from China
GEOPOLITICS
Hamas proposes 45 day phase where remains and bodies will be exchanged; proposes indirect talks with Israel in the first stage to end military operations and restore total calm, in document seen by Reuters.
Hamas has proposed a 135-day truce which will be in three phases, via Al Arabiya.
Saudi's Foreign Ministry said there will be no diplomatic relations with Israel without recognising an independent Palestinian state and ending Israeli aggression in Gaza,
Some headlines via NewSquawk
Market Gameplan (Charts):
Gold-
Silver-
Oil-
Stocks-
BTC/ETH-
Bonds -
Attached:
Also….
