07 08 US PRE OPEN
The S&P 500 Futures are under pressure after they charged higher yesterday
Share this:
The S&P 500 Futures are under pressure after they charged higher yesterday, as tech stocks help to push the Nasdaq 100 Index (+141 points or 1.24%) to a fresh record close of 11267.
Later today, the U.S. Labor Department will release the closely-watched official July Jobs Report (an addition of 1.48 million non-farm payrolls, a drop in jobless rate to 10.6% expected).
European indices are facing a consolidation. June Industrial Production data were released for Germany at +8.9% (vs +8.2% on month expected) and for France at +12.7% (+8.4% on month expected). German June Balance of Trade was released at 15.6 billion euros, higher than 11.3 billion euro expected.
Asian indices closed in the red. China recorded a trade surplus of 62.33 billion dollars in July (vs a surplus of 42.6 billion dollars expected) with exports growing 7.2% on year (vs -0.6% expected).
WTI Crude Oil futures are under pressure. Saudi Arabia cut the September oil prices to Asia and Europe, the first time in four months. Later today, Baker Hughes will report the oil rig counts for the U.S. and Canada.
Gold eased after hitting a new record high, on track for a ninth weekly gain, on COVID-19 expansion fears.
Gold fell 4.24 dollars (-0.21%) to 2059.31.
The US dollar steadies before jobs data. The dollar index rose 0.38pt to 93.172.
U.S. Equity Snapshot
Uber (UBER), the ride sharing company, posted a second quarter LPS of 1.02 dollar, wider than expected, compared to a LPS of 4.72 dollars last year. Gross bookings declined 35% to 10.2 billion dollars, however delivery bookings grew 106% to 6.96 billion dollars, above estimates.
Source: TradingView, Gain Capital
Goldman Sachs (GS), the banking group, announced an additional provision of 2.01 billion dollars on second quarter accounts, related to 1MDB legal charge. As a consequence, second quarter EPS reported is now 0.53 dollar vs 6.26 dollars previously posted.
T-Mobile US (TMUS), a wireless network operator, gained ground in extended trading after posting second quarter earnings that beat estimates.
Dropbox (DBX), the smart workspace, lost ground after hours despite reporting quarterly EPS above estimates and sales in line with expectations. The stock is up about 30% in 2020.
DISH Network (DISH), a satellite television services provider, is gaining ground before hours on better than expected quarterly earnings.
Booking Holdings (BKNG), one of the largest online travel companies, reported a second quarter adjusted LPS of 10.81 dollars, beating estimates, vs an EPS of 23.59 dollars a year earlier, on sales of 630 million dollars, down from 3.9 billion dollars a year ago, as travel bookings fell 91% due to the pandemic.
Groupon (GRPN), the mobile and online marketplace, soared in extended trading after reporting quarterly earnings that significantly beat expectations.
Later today, the U.S. Labor Department will release the closely-watched official July Jobs Report (an addition of 1.48 million non-farm payrolls, a drop in jobless rate to 10.6% expected).
European indices are facing a consolidation. June Industrial Production data were released for Germany at +8.9% (vs +8.2% on month expected) and for France at +12.7% (+8.4% on month expected). German June Balance of Trade was released at 15.6 billion euros, higher than 11.3 billion euro expected.
Asian indices closed in the red. China recorded a trade surplus of 62.33 billion dollars in July (vs a surplus of 42.6 billion dollars expected) with exports growing 7.2% on year (vs -0.6% expected).
WTI Crude Oil futures are under pressure. Saudi Arabia cut the September oil prices to Asia and Europe, the first time in four months. Later today, Baker Hughes will report the oil rig counts for the U.S. and Canada.
Gold eased after hitting a new record high, on track for a ninth weekly gain, on COVID-19 expansion fears.
Gold fell 4.24 dollars (-0.21%) to 2059.31.
The US dollar steadies before jobs data. The dollar index rose 0.38pt to 93.172.
U.S. Equity Snapshot
Uber (UBER), the ride sharing company, posted a second quarter LPS of 1.02 dollar, wider than expected, compared to a LPS of 4.72 dollars last year. Gross bookings declined 35% to 10.2 billion dollars, however delivery bookings grew 106% to 6.96 billion dollars, above estimates.
Source: TradingView, Gain Capital
Goldman Sachs (GS), the banking group, announced an additional provision of 2.01 billion dollars on second quarter accounts, related to 1MDB legal charge. As a consequence, second quarter EPS reported is now 0.53 dollar vs 6.26 dollars previously posted.
T-Mobile US (TMUS), a wireless network operator, gained ground in extended trading after posting second quarter earnings that beat estimates.
Dropbox (DBX), the smart workspace, lost ground after hours despite reporting quarterly EPS above estimates and sales in line with expectations. The stock is up about 30% in 2020.
DISH Network (DISH), a satellite television services provider, is gaining ground before hours on better than expected quarterly earnings.
Booking Holdings (BKNG), one of the largest online travel companies, reported a second quarter adjusted LPS of 10.81 dollars, beating estimates, vs an EPS of 23.59 dollars a year earlier, on sales of 630 million dollars, down from 3.9 billion dollars a year ago, as travel bookings fell 91% due to the pandemic.
Groupon (GRPN), the mobile and online marketplace, soared in extended trading after reporting quarterly earnings that significantly beat expectations.
The S&P 500 Futures are under pressure after they charged higher yesterday, as tech stocks help to push the Nasdaq 100 Index (+141 points or 1.24%) to a fresh record close of 11267.
Later today, the U.S. Labor Department will release the closely-watched official July Jobs Report (an addition of 1.48 million non-farm payrolls, a drop in jobless rate to 10.6% expected).
European indices are facing a consolidation. June Industrial Production data were released for Germany at +8.9% (vs +8.2% on month expected) and for France at +12.7% (+8.4% on month expected). German June Balance of Trade was released at 15.6 billion euros, higher than 11.3 billion euro expected.
Asian indices closed in the red. China recorded a trade surplus of 62.33 billion dollars in July (vs a surplus of 42.6 billion dollars expected) with exports growing 7.2% on year (vs -0.6% expected).
WTI Crude Oil futures are under pressure. Saudi Arabia cut the September oil prices to Asia and Europe, the first time in four months. Later today, Baker Hughes will report the oil rig counts for the U.S. and Canada.
Gold eased after hitting a new record high, on track for a ninth weekly gain, on COVID-19 expansion fears.
Gold fell 4.24 dollars (-0.21%) to 2059.31.
The US dollar steadies before jobs data. The dollar index rose 0.38pt to 93.172.
U.S. Equity Snapshot
Uber (UBER), the ride sharing company, posted a second quarter LPS of 1.02 dollar, wider than expected, compared to a LPS of 4.72 dollars last year. Gross bookings declined 35% to 10.2 billion dollars, however delivery bookings grew 106% to 6.96 billion dollars, above estimates.
Source: TradingView, Gain Capital
Goldman Sachs (GS), the banking group, announced an additional provision of 2.01 billion dollars on second quarter accounts, related to 1MDB legal charge. As a consequence, second quarter EPS reported is now 0.53 dollar vs 6.26 dollars previously posted.
T-Mobile US (TMUS), a wireless network operator, gained ground in extended trading after posting second quarter earnings that beat estimates.
Dropbox (DBX), the smart workspace, lost ground after hours despite reporting quarterly EPS above estimates and sales in line with expectations. The stock is up about 30% in 2020.
DISH Network (DISH), a satellite television services provider, is gaining ground before hours on better than expected quarterly earnings.
Booking Holdings (BKNG), one of the largest online travel companies, reported a second quarter adjusted LPS of 10.81 dollars, beating estimates, vs an EPS of 23.59 dollars a year earlier, on sales of 630 million dollars, down from 3.9 billion dollars a year ago, as travel bookings fell 91% due to the pandemic.
Groupon (GRPN), the mobile and online marketplace, soared in extended trading after reporting quarterly earnings that significantly beat expectations.
Later today, the U.S. Labor Department will release the closely-watched official July Jobs Report (an addition of 1.48 million non-farm payrolls, a drop in jobless rate to 10.6% expected).
European indices are facing a consolidation. June Industrial Production data were released for Germany at +8.9% (vs +8.2% on month expected) and for France at +12.7% (+8.4% on month expected). German June Balance of Trade was released at 15.6 billion euros, higher than 11.3 billion euro expected.
Asian indices closed in the red. China recorded a trade surplus of 62.33 billion dollars in July (vs a surplus of 42.6 billion dollars expected) with exports growing 7.2% on year (vs -0.6% expected).
WTI Crude Oil futures are under pressure. Saudi Arabia cut the September oil prices to Asia and Europe, the first time in four months. Later today, Baker Hughes will report the oil rig counts for the U.S. and Canada.
Gold eased after hitting a new record high, on track for a ninth weekly gain, on COVID-19 expansion fears.
Gold fell 4.24 dollars (-0.21%) to 2059.31.
The US dollar steadies before jobs data. The dollar index rose 0.38pt to 93.172.
U.S. Equity Snapshot
Uber (UBER), the ride sharing company, posted a second quarter LPS of 1.02 dollar, wider than expected, compared to a LPS of 4.72 dollars last year. Gross bookings declined 35% to 10.2 billion dollars, however delivery bookings grew 106% to 6.96 billion dollars, above estimates.
Source: TradingView, Gain Capital
Goldman Sachs (GS), the banking group, announced an additional provision of 2.01 billion dollars on second quarter accounts, related to 1MDB legal charge. As a consequence, second quarter EPS reported is now 0.53 dollar vs 6.26 dollars previously posted.
T-Mobile US (TMUS), a wireless network operator, gained ground in extended trading after posting second quarter earnings that beat estimates.
Dropbox (DBX), the smart workspace, lost ground after hours despite reporting quarterly EPS above estimates and sales in line with expectations. The stock is up about 30% in 2020.
DISH Network (DISH), a satellite television services provider, is gaining ground before hours on better than expected quarterly earnings.
Booking Holdings (BKNG), one of the largest online travel companies, reported a second quarter adjusted LPS of 10.81 dollars, beating estimates, vs an EPS of 23.59 dollars a year earlier, on sales of 630 million dollars, down from 3.9 billion dollars a year ago, as travel bookings fell 91% due to the pandemic.
Groupon (GRPN), the mobile and online marketplace, soared in extended trading after reporting quarterly earnings that significantly beat expectations.
Related tags:
Latest market news
Open an account in minutes
Experience award-winning platforms with fast and secure execution, and enjoy tight spreads from 0.5 pts on FX and 0.3 pts on indices.
Economic calendar
Web Trader platform
Our sophisticated web-based platform is packed with features.
Related articles
EUR/USD Q4 2026 Outlook: Euro at a Crossroads as Fed, ECB Tighten 9 25 2026
EUR/USD enters Q4 at a pivotal inflection point as competing Fed-ECB policy paths and persistent inflation risks collide with major technical support.
AUD/USD Q4 Outlook: RBA and Fed Hikes Set the Tone
AUD/USD enters Q4 with RBA and Fed hikes in focus as sticky inflation, rising unemployment and US dollar strength shape the Australian dollar.
USD/JPY Q4 2026 Outlook: Hawkish Fed Pricing Clashes With Intervention Risk
The year-end tug-of-war is clear: hawkish Fed pricing supports USD/JPY, while intervention risk limits the upside.
This report is intended for general circulation only. It should not be construed as a recommendation, or an offer (or solicitation of an offer) to buy or sell any financial products. The information provided does not take into account your specific investment objectives, financial situation or particular needs. Before you act on any recommendation that may be contained in this report, independent advice ought to be sought from a financial adviser regarding the suitability of the investment product, taking into account your specific investment objectives, financial situation or particular needs.
StoneX Financial Pte. Ltd., may distribute reports produced by its respective foreign entities or affiliates within the StoneX group of companies or third parties pursuant to an arrangement under Regulation 32C of the Financial Advisers Regulations. Where the report is distributed to a person in Singapore who is not an accredited investor, expert investor or an institutional investor (as defined in the Securities Futures Act), StoneX Financial Pte. Ltd. accepts legal responsibility to such persons for the contents of the report only to the extent required by law. Singapore recipients should contact StoneX Financial Pte. Ltd. at 6826 9988 for matters arising from, or in connection with the report.
In the case of all other recipients of this report, to the extent permitted by applicable laws and regulations neither StoneX Financial Pte. Ltd. nor its associated companies will be responsible or liable for any loss or damage incurred arising out of, or in connection with, any use of the information contained in this report and all such liability is hereby expressly disclaimed. No representation or warranty is made, express or implied, that the content of this report is complete or accurate.
StoneX Financial Pte. Ltd. is not under any obligation to update this report.
Trading CFDs carries a high level of risk that may not be suitable for some investors. Consider your investment objectives, level of experience, financial resources, risk appetite and other relevant circumstances carefully. The possibility exists that you could lose some or all of your investments, including your initial deposits. If in doubt, please seek independent expert advice. Visit www.forex.com/en-sg/terms-and-policies for the complete Risk Disclosure Statement.