U.S Futures up - Watch UBER, FDX, CZR, DAL

,

The S&P 500 Futures remain on the upside after they advanced further on Friday

Trading floor 2

The S&P 500 Futures remain on the upside after they advanced further on Friday. Investors are watching closely a potential Covid-19 stimulus package being discussed by the government and Democrat lawmakers.

Later today, the Dallas Federal Reserve will post its Manufacturing Outlook Index for September (9.5 expected).

European indices are on the upside even if virus cases are resurging in Europe.

Asian indices closed in the green except the Australian ASX.

WTI Crude Oil futures are facing a consolidation. Russia's Energy Minister Alexander Novak said he expects the recovery in global oil market to "take quite a while before the pre-crisis levels can be reached".

Gold lost ground on positive Chinese economic data as the U.S dollar consolidates before the first Biden-Trump scheduled tomorrow.

Gold fell 2.43 dollars (-0.13%) to 1859.16 dollars while the dollar index declined 0.38pt to 94.261.



U.S. Equity Snapshot


Uber (UBER), the technology platform, is jumping before hours after regaining its London license. 


Source: TradingView, GAIN Capital

Fedex (FDX), the package delivery service company, was upgraded to "buy" from "hold" at Kepler Cheuvreux.

Caesars Entertainment (CZR), the gaming company, is in advanced talks to buy William Hill for 272 pence per share in cash, valuing the UK company at around 2.9 billion dollars. 

Delta Air Lines (DAL), an airline group, said it expects impairment charges before tax of between 2.0 billion and 2.5 billion dollars, as it has decided to retire its Boeing 717-200 aircraft and the reminder of its 767-300ER aircraft by December 2025 and its CRJ-200 aircraft by December 2023, earlier than previously scheduled.

American Airlines (AAL), an airline company, reported that it has secured term loan facility with US Treasury which permits it to borrow up to 5.48 billion dollars.

Cleveland-Cliffs (CLF), the mining company, agreed to buy ArcelorMittal USA for 1.4 billion dollars.

More from Equities

Disclaimer: The information on this web site is not targeted at the general public of any particular country. It is not intended for distribution to residents in any country where such distribution or use would contravene any local law or regulatory requirement. The information and opinions in this report are for general information use only and are not intended as an offer or solicitation with respect to the purchase or sale of any currency or CFD contract. All opinions and information contained in this report are subject to change without notice. This report has been prepared without regard to the specific investment objectives, financial situation and needs of any particular recipient. Any references to historical price movements or levels is informational based on our analysis and we do not represent or warranty that any such movements or levels are likely to reoccur in the future. While the information contained herein was obtained from sources believed to be reliable, author does not guarantee its accuracy or completeness, nor does author assume any liability for any direct, indirect or consequential loss that may result from the reliance by any person upon any such information or opinions.

Futures, Options on Futures, Foreign Exchange and other leveraged products involves significant risk of loss and is not suitable for all investors. Losses can exceed your deposits. Increasing leverage increases risk. Spot Gold and Silver contracts are not subject to regulation under the U.S. Commodity Exchange Act. Contracts for Difference (CFDs) are not available for US residents. Before deciding to trade forex and commodity futures, you should carefully consider your financial objectives, level of experience and risk appetite. Any opinions, news, research, analyses, prices or other information contained herein is intended as general information about the subject matter covered and is provided with the understanding that we do not provide any investment, legal, or tax advice. You should consult with appropriate counsel or other advisors on all investment, legal, or tax matters. References to Forex.com or GAIN Capital refer to GAIN Capital Holdings Inc. and its subsidiaries. Please read Characteristics and Risks of Standardized Options.