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The S&P 500 Futures are on the upside after they closed mixed on Friday

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U.S Futures in tentative rebound - Watch NVDA, GILD, ORCL
The S&P 500 Futures are on the upside after they closed mixed on Friday.

No major economic data are expected today in North America.

European indices are consolidating after a positive opening. The European Commission has reported July industrial production at +4.1% (vs +4.2% on month expected).

Asian indices closed in the green. Official data showed that China's M2 money supply grew 10.4% on year in August (+10.7% expected), while new yuan loans totaled CNY1,280 billion (CNY1,250 billion expected). Japan's ruling Liberal Democratic Party has elected Yoshihide Suga as president to replace Shinzo Abe.

WTI Crude Oil futures are facing a consolidation. The total number of rotary rigs in the U.S. fell to 254 as of September 11 from 256 in the prior week, while rigs in Canada was unchanged at 52, according to Baker Hughes.

Gold gained 5.57$ (+0.29%) to 1946.12, still above 1900.

GBP/USD rose 54pips to 1.285 ahead of the U.K. Parliament vote on the Withdrawal Bill


U.S. Equity Snapshot


Nvidia (NVDA), a technology company, announced that it has agreed to acquire processor manufacturer Arm Holdings from SoftBank in a transaction valued at 40 billion dollars. The company added that the transaction is expected to be immediately accretive to its adjusted gross margin and adjusted EPS.


Source: GAIN Capital, TradingView


Gilead Sciences (GILD), a biopharmaceutical group, announced that it has agreed to acquire pharmaceutical company Immunomedics (IMMU) for 88 dollars per share, which values the company at about 21 billion dollars.

Oracle (ORCL), a computer technology company, leads Microsoft (MSFT) in the race to buy TikTok U.S. business, reported Bloomberg citing people familiar with the matter.

Merck & Co (MRK), a pharmaceutical company, has initiated the phase 1/2 trial of its Covid-19 vaccine in Belgium, according to Dow Jones.
The S&P 500 Futures are on the upside after they closed mixed on Friday.

No major economic data are expected today in North America.

European indices are consolidating after a positive opening. The European Commission has reported July industrial production at +4.1% (vs +4.2% on month expected).

Asian indices closed in the green. Official data showed that China's M2 money supply grew 10.4% on year in August (+10.7% expected), while new yuan loans totaled CNY1,280 billion (CNY1,250 billion expected). Japan's ruling Liberal Democratic Party has elected Yoshihide Suga as president to replace Shinzo Abe.

WTI Crude Oil futures are facing a consolidation. The total number of rotary rigs in the U.S. fell to 254 as of September 11 from 256 in the prior week, while rigs in Canada was unchanged at 52, according to Baker Hughes.

Gold gained 5.57$ (+0.29%) to 1946.12, still above 1900.

GBP/USD rose 54pips to 1.285 ahead of the U.K. Parliament vote on the Withdrawal Bill


U.S. Equity Snapshot


Nvidia (NVDA), a technology company, announced that it has agreed to acquire processor manufacturer Arm Holdings from SoftBank in a transaction valued at 40 billion dollars. The company added that the transaction is expected to be immediately accretive to its adjusted gross margin and adjusted EPS.


Source: GAIN Capital, TradingView


Gilead Sciences (GILD), a biopharmaceutical group, announced that it has agreed to acquire pharmaceutical company Immunomedics (IMMU) for 88 dollars per share, which values the company at about 21 billion dollars.

Oracle (ORCL), a computer technology company, leads Microsoft (MSFT) in the race to buy TikTok U.S. business, reported Bloomberg citing people familiar with the matter.

Merck & Co (MRK), a pharmaceutical company, has initiated the phase 1/2 trial of its Covid-19 vaccine in Belgium, according to Dow Jones.

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