25 09 US PRE OPEN
The S&P 500 Futures are on the downside
Share this:
The S&P 500 Futures are on the downside while Bloomberg reported that the U.S. House Democrats have started making a 2.4 trillion dollars stimulus proposal, which will be discussed with the White House and Senate Republicans.
Later today, the U.S. Commerce Department will report Durable Goods Orders for August (+1.3% on month expected).
European indices are losing 1.5% on average except the FTSE 100 limiting its decline to 0.5% while the GfK household confidence indicator unexpectedly rose from -27 to -25 in September whereas economists expected stability. The surge in coronavirus cases is dominating European debates while the U.K. recorded 6,634 new coronavirus cases on Thursday, the highest daily increase on record, France announced Thursday new restrictions and Spain is expected to do the same on Friday.
Asian indices ended mostly higher except for the Hong Kong HSI losing 0.32%.
WTI Crude Oil futures are trading sideways after Thursday afternoon rally boosted by market optimism. Yet, the International Energy Agency's head of oil markets Neil Atkinson said oil demand forecast is more likely to be downgraded in their next report. Later today, Baker Hughes will report the total number of rig counts for the U.S. and Canada.
Gold is consolidating after a slight rebound as the U.S dollar rally pauses.
U.S. Equity Snapshot
Costco Wholesale (COST), an operator of a chain of warehouse stores, reported fourth quarter EPS of 3.13 dollars, exceeding estimates, up from 2.47 dollars a year ago, on revenue of 53.4 billion dollars, better than expected, up from 47.5 billion dollars a year earlier. Shares lost ground on extended trading on profit taking.
Apple (AAPL): "the European Commission has decided to appeal before the European Court of Justice the General Court's judgment of July 2020 on the Apple State aid case in Ireland, which annulled the Commission's decision of August 2016 finding that Ireland granted illegal State aid to Apple through selective tax breaks."
Bristol-Myers Squibb (BMY), the pharma, disclosed positive results regarding a phase three trial of a treatment on bladder cancer.
General Mills (GIS), the food company, was upgraded to "outperform" from "neutral" at Credit Suisse.
Later today, the U.S. Commerce Department will report Durable Goods Orders for August (+1.3% on month expected).
European indices are losing 1.5% on average except the FTSE 100 limiting its decline to 0.5% while the GfK household confidence indicator unexpectedly rose from -27 to -25 in September whereas economists expected stability. The surge in coronavirus cases is dominating European debates while the U.K. recorded 6,634 new coronavirus cases on Thursday, the highest daily increase on record, France announced Thursday new restrictions and Spain is expected to do the same on Friday.
Asian indices ended mostly higher except for the Hong Kong HSI losing 0.32%.
WTI Crude Oil futures are trading sideways after Thursday afternoon rally boosted by market optimism. Yet, the International Energy Agency's head of oil markets Neil Atkinson said oil demand forecast is more likely to be downgraded in their next report. Later today, Baker Hughes will report the total number of rig counts for the U.S. and Canada.
Gold is consolidating after a slight rebound as the U.S dollar rally pauses.
Gold fell 8.84 dollars (-0.47%) to 1859.24 dollars while the U.S dollar index rose 0.24pt to 94.594.
U.S. Equity Snapshot
Costco Wholesale (COST), an operator of a chain of warehouse stores, reported fourth quarter EPS of 3.13 dollars, exceeding estimates, up from 2.47 dollars a year ago, on revenue of 53.4 billion dollars, better than expected, up from 47.5 billion dollars a year earlier. Shares lost ground on extended trading on profit taking.
Source: TradingView, GAIN Capital
Apple (AAPL): "the European Commission has decided to appeal before the European Court of Justice the General Court's judgment of July 2020 on the Apple State aid case in Ireland, which annulled the Commission's decision of August 2016 finding that Ireland granted illegal State aid to Apple through selective tax breaks."
Bristol-Myers Squibb (BMY), the pharma, disclosed positive results regarding a phase three trial of a treatment on bladder cancer.
General Mills (GIS), the food company, was upgraded to "outperform" from "neutral" at Credit Suisse.
The S&P 500 Futures are on the downside while Bloomberg reported that the U.S. House Democrats have started making a 2.4 trillion dollars stimulus proposal, which will be discussed with the White House and Senate Republicans.
Later today, the U.S. Commerce Department will report Durable Goods Orders for August (+1.3% on month expected).
European indices are losing 1.5% on average except the FTSE 100 limiting its decline to 0.5% while the GfK household confidence indicator unexpectedly rose from -27 to -25 in September whereas economists expected stability. The surge in coronavirus cases is dominating European debates while the U.K. recorded 6,634 new coronavirus cases on Thursday, the highest daily increase on record, France announced Thursday new restrictions and Spain is expected to do the same on Friday.
Asian indices ended mostly higher except for the Hong Kong HSI losing 0.32%.
WTI Crude Oil futures are trading sideways after Thursday afternoon rally boosted by market optimism. Yet, the International Energy Agency's head of oil markets Neil Atkinson said oil demand forecast is more likely to be downgraded in their next report. Later today, Baker Hughes will report the total number of rig counts for the U.S. and Canada.
Gold is consolidating after a slight rebound as the U.S dollar rally pauses.
U.S. Equity Snapshot
Costco Wholesale (COST), an operator of a chain of warehouse stores, reported fourth quarter EPS of 3.13 dollars, exceeding estimates, up from 2.47 dollars a year ago, on revenue of 53.4 billion dollars, better than expected, up from 47.5 billion dollars a year earlier. Shares lost ground on extended trading on profit taking.
Apple (AAPL): "the European Commission has decided to appeal before the European Court of Justice the General Court's judgment of July 2020 on the Apple State aid case in Ireland, which annulled the Commission's decision of August 2016 finding that Ireland granted illegal State aid to Apple through selective tax breaks."
Bristol-Myers Squibb (BMY), the pharma, disclosed positive results regarding a phase three trial of a treatment on bladder cancer.
General Mills (GIS), the food company, was upgraded to "outperform" from "neutral" at Credit Suisse.
Later today, the U.S. Commerce Department will report Durable Goods Orders for August (+1.3% on month expected).
European indices are losing 1.5% on average except the FTSE 100 limiting its decline to 0.5% while the GfK household confidence indicator unexpectedly rose from -27 to -25 in September whereas economists expected stability. The surge in coronavirus cases is dominating European debates while the U.K. recorded 6,634 new coronavirus cases on Thursday, the highest daily increase on record, France announced Thursday new restrictions and Spain is expected to do the same on Friday.
Asian indices ended mostly higher except for the Hong Kong HSI losing 0.32%.
WTI Crude Oil futures are trading sideways after Thursday afternoon rally boosted by market optimism. Yet, the International Energy Agency's head of oil markets Neil Atkinson said oil demand forecast is more likely to be downgraded in their next report. Later today, Baker Hughes will report the total number of rig counts for the U.S. and Canada.
Gold is consolidating after a slight rebound as the U.S dollar rally pauses.
Gold fell 8.84 dollars (-0.47%) to 1859.24 dollars while the U.S dollar index rose 0.24pt to 94.594.
U.S. Equity Snapshot
Costco Wholesale (COST), an operator of a chain of warehouse stores, reported fourth quarter EPS of 3.13 dollars, exceeding estimates, up from 2.47 dollars a year ago, on revenue of 53.4 billion dollars, better than expected, up from 47.5 billion dollars a year earlier. Shares lost ground on extended trading on profit taking.
Source: TradingView, GAIN Capital
Apple (AAPL): "the European Commission has decided to appeal before the European Court of Justice the General Court's judgment of July 2020 on the Apple State aid case in Ireland, which annulled the Commission's decision of August 2016 finding that Ireland granted illegal State aid to Apple through selective tax breaks."
Bristol-Myers Squibb (BMY), the pharma, disclosed positive results regarding a phase three trial of a treatment on bladder cancer.
General Mills (GIS), the food company, was upgraded to "outperform" from "neutral" at Credit Suisse.
Related tags:
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
S&P 500, Nasdaq, Dow Forecast: Rising Yields Test Rally Ahead of Nvidia, Fed 8 22 2026
S&P 500, Nasdaq and Dow test key technical levels as momentum fades, raising the risk of a deeper correction heading into a pivotal week.
Magnificent Seven Earnings Preview: Can Big Tech Reclaim AI Leadership?
The Magnificent Seven enter earnings with far more divided performance than in previous years, as investors increasingly distinguish between companies supplying the AI buildout and those funding it - what does that mean heading into earnings season?
USD/JPY unwind accelerates as GPIF headlines spark yen buying
Japanese assets are rallying after the government floated the prospect of the GPIF investing more heavily at home. While the proposal could have significant implications for global capital flows, it does not yet change the broader forces driving Japanese bond yields and USD/JPY.
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.