04 11 US PRE OPEN
The S&P 500 Futures are on the upside after a night of significant volatility due to US presidential election uncertainties
Share this:
The S&P 500 Futures are on the upside after a night of significant volatility due to US presidential election uncertainties.
Later today, in the U.S. the Automatic Data Processing (ADP) will post private jobs for October (+0.65 million jobs expected). The Commerce Department will release September trade balance (63.9 billion dollars deficit expected). The Institute for Supply Management will report its Services Index for October (57.5 expected). Research firm Markit will publish final readings of October Services PMI (56.0 expected).
European indices are mostly trading higher. On the economic data front, Research firm Markit published final readings of October Services PMI better than expected for the Eurozone at 46.9 (46.2 expected), Germany at 49.5 (48.9 expected), and France 46.5 (as expected) but below expectorations for the U.K. at 51.4 (52.3 expected). In the U.K., later today, MPs will vote on introducing a new national lockdown for England. The Prime Minister Boris Johnson is continuing to face a backlash from his own Conservative MPs over the fresh shutdown.
Asian indices closed mixed, with the Japanese Nikkei and the mainland China CSI 300 ending higher while Hong Kong HSI and Australian ASX 200 ended slightly lower.
WTI Crude Oil futures are extending their rebound after the American Petroleum Institute (API) reported that U.S. crude-oil inventories dropped 8.0M barrels in the week ending October 30. Later today, the U.S. Energy Information Administration (EIA)will release official crude oil inventories data for the same period.
US indices closed up on Tuesday, lifted by Commercial & Professional Services (+3.08%), Capital Goods (+2.95%) and Transportation (+2.73%) sectors.
Gold and U.S dollar consolidate on U.S election uncertainty.
Gold fell 5.57 dollars (-0.29%) to 1903.6 dollars.
The dollar index was almost flat at 93.576.
U.S. Equity Snapshot
Uber (UBER) and Lyft (LYFT), the ridesharing companies, jump premarket after having won a California vote that exempt them to employ drivers.
Source: TradingView, GAIN Capital
Prudential Financial (PRU), a diversified insurance company, reported third quarter adjusted EPS of 3.21 dollars, exceeding estimates, down from 3.22 dollars a year ago.
Eversource Energy (ES), a holding company for regulated electric, gas and water distribution services, announced third quarter EPS of 1.01 dollar, just shy of forecasts, up from 0.98 dollar a year ago on revenue of 2.3 billion dollars, as expected, up from 2.2 billion dollars a year earlier.
Later today, in the U.S. the Automatic Data Processing (ADP) will post private jobs for October (+0.65 million jobs expected). The Commerce Department will release September trade balance (63.9 billion dollars deficit expected). The Institute for Supply Management will report its Services Index for October (57.5 expected). Research firm Markit will publish final readings of October Services PMI (56.0 expected).
European indices are mostly trading higher. On the economic data front, Research firm Markit published final readings of October Services PMI better than expected for the Eurozone at 46.9 (46.2 expected), Germany at 49.5 (48.9 expected), and France 46.5 (as expected) but below expectorations for the U.K. at 51.4 (52.3 expected). In the U.K., later today, MPs will vote on introducing a new national lockdown for England. The Prime Minister Boris Johnson is continuing to face a backlash from his own Conservative MPs over the fresh shutdown.
Asian indices closed mixed, with the Japanese Nikkei and the mainland China CSI 300 ending higher while Hong Kong HSI and Australian ASX 200 ended slightly lower.
WTI Crude Oil futures are extending their rebound after the American Petroleum Institute (API) reported that U.S. crude-oil inventories dropped 8.0M barrels in the week ending October 30. Later today, the U.S. Energy Information Administration (EIA)will release official crude oil inventories data for the same period.
US indices closed up on Tuesday, lifted by Commercial & Professional Services (+3.08%), Capital Goods (+2.95%) and Transportation (+2.73%) sectors.
Approximately 67% of stocks in the S&P 500 Index were trading above their 200-day moving average and 33% were trading above their 20-day moving average. The VIX Index dropped 1.58pt (-4.26%) to 35.55 and WTI Crude Oil gained $1.05 (+2.85%) to $37.86 at the close.
On the US economic data front, Factory Orders increased 1.1% on month in September (+1.0% expected), compared to a revised +0.6% in August. Finally, Durable Goods Orders rose 1.9% on month in the September final reading (as expected), in line with the September preliminary reading.Gold and U.S dollar consolidate on U.S election uncertainty.
Gold fell 5.57 dollars (-0.29%) to 1903.6 dollars.
The dollar index was almost flat at 93.576.
U.S. Equity Snapshot
Uber (UBER) and Lyft (LYFT), the ridesharing companies, jump premarket after having won a California vote that exempt them to employ drivers.
Source: TradingView, GAIN Capital
Advanced Micro Devices (AMD), a semiconductor company, was upgraded to "buy" from" neutral" at Goldman Sachs.
Prudential Financial (PRU), a diversified insurance company, reported third quarter adjusted EPS of 3.21 dollars, exceeding estimates, down from 3.22 dollars a year ago.
Eversource Energy (ES), a holding company for regulated electric, gas and water distribution services, announced third quarter EPS of 1.01 dollar, just shy of forecasts, up from 0.98 dollar a year ago on revenue of 2.3 billion dollars, as expected, up from 2.2 billion dollars a year earlier.
The S&P 500 Futures are on the upside after a night of significant volatility due to US presidential election uncertainties.
Later today, in the U.S. the Automatic Data Processing (ADP) will post private jobs for October (+0.65 million jobs expected). The Commerce Department will release September trade balance (63.9 billion dollars deficit expected). The Institute for Supply Management will report its Services Index for October (57.5 expected). Research firm Markit will publish final readings of October Services PMI (56.0 expected).
European indices are mostly trading higher. On the economic data front, Research firm Markit published final readings of October Services PMI better than expected for the Eurozone at 46.9 (46.2 expected), Germany at 49.5 (48.9 expected), and France 46.5 (as expected) but below expectorations for the U.K. at 51.4 (52.3 expected). In the U.K., later today, MPs will vote on introducing a new national lockdown for England. The Prime Minister Boris Johnson is continuing to face a backlash from his own Conservative MPs over the fresh shutdown.
Asian indices closed mixed, with the Japanese Nikkei and the mainland China CSI 300 ending higher while Hong Kong HSI and Australian ASX 200 ended slightly lower.
WTI Crude Oil futures are extending their rebound after the American Petroleum Institute (API) reported that U.S. crude-oil inventories dropped 8.0M barrels in the week ending October 30. Later today, the U.S. Energy Information Administration (EIA)will release official crude oil inventories data for the same period.
US indices closed up on Tuesday, lifted by Commercial & Professional Services (+3.08%), Capital Goods (+2.95%) and Transportation (+2.73%) sectors.
Gold and U.S dollar consolidate on U.S election uncertainty.
Gold fell 5.57 dollars (-0.29%) to 1903.6 dollars.
The dollar index was almost flat at 93.576.
U.S. Equity Snapshot
Uber (UBER) and Lyft (LYFT), the ridesharing companies, jump premarket after having won a California vote that exempt them to employ drivers.
Source: TradingView, GAIN Capital
Prudential Financial (PRU), a diversified insurance company, reported third quarter adjusted EPS of 3.21 dollars, exceeding estimates, down from 3.22 dollars a year ago.
Eversource Energy (ES), a holding company for regulated electric, gas and water distribution services, announced third quarter EPS of 1.01 dollar, just shy of forecasts, up from 0.98 dollar a year ago on revenue of 2.3 billion dollars, as expected, up from 2.2 billion dollars a year earlier.
Later today, in the U.S. the Automatic Data Processing (ADP) will post private jobs for October (+0.65 million jobs expected). The Commerce Department will release September trade balance (63.9 billion dollars deficit expected). The Institute for Supply Management will report its Services Index for October (57.5 expected). Research firm Markit will publish final readings of October Services PMI (56.0 expected).
European indices are mostly trading higher. On the economic data front, Research firm Markit published final readings of October Services PMI better than expected for the Eurozone at 46.9 (46.2 expected), Germany at 49.5 (48.9 expected), and France 46.5 (as expected) but below expectorations for the U.K. at 51.4 (52.3 expected). In the U.K., later today, MPs will vote on introducing a new national lockdown for England. The Prime Minister Boris Johnson is continuing to face a backlash from his own Conservative MPs over the fresh shutdown.
Asian indices closed mixed, with the Japanese Nikkei and the mainland China CSI 300 ending higher while Hong Kong HSI and Australian ASX 200 ended slightly lower.
WTI Crude Oil futures are extending their rebound after the American Petroleum Institute (API) reported that U.S. crude-oil inventories dropped 8.0M barrels in the week ending October 30. Later today, the U.S. Energy Information Administration (EIA)will release official crude oil inventories data for the same period.
US indices closed up on Tuesday, lifted by Commercial & Professional Services (+3.08%), Capital Goods (+2.95%) and Transportation (+2.73%) sectors.
Approximately 67% of stocks in the S&P 500 Index were trading above their 200-day moving average and 33% were trading above their 20-day moving average. The VIX Index dropped 1.58pt (-4.26%) to 35.55 and WTI Crude Oil gained $1.05 (+2.85%) to $37.86 at the close.
On the US economic data front, Factory Orders increased 1.1% on month in September (+1.0% expected), compared to a revised +0.6% in August. Finally, Durable Goods Orders rose 1.9% on month in the September final reading (as expected), in line with the September preliminary reading.Gold and U.S dollar consolidate on U.S election uncertainty.
Gold fell 5.57 dollars (-0.29%) to 1903.6 dollars.
The dollar index was almost flat at 93.576.
U.S. Equity Snapshot
Uber (UBER) and Lyft (LYFT), the ridesharing companies, jump premarket after having won a California vote that exempt them to employ drivers.
Source: TradingView, GAIN Capital
Advanced Micro Devices (AMD), a semiconductor company, was upgraded to "buy" from" neutral" at Goldman Sachs.
Prudential Financial (PRU), a diversified insurance company, reported third quarter adjusted EPS of 3.21 dollars, exceeding estimates, down from 3.22 dollars a year ago.
Eversource Energy (ES), a holding company for regulated electric, gas and water distribution services, announced third quarter EPS of 1.01 dollar, just shy of forecasts, up from 0.98 dollar a year ago on revenue of 2.3 billion dollars, as expected, up from 2.2 billion dollars a year earlier.
Latest market news
The complete CFD trading experience
Award-winning platforms, competitive spreads, low commissions and dedicated support.
We live and breathe the markets and are dedicated to helping traders realise their ambitions as we continue to set the industry bar.
Economic calendar
Web Trader platform
Our sophisticated web-based platform is packed with features.
Related articles
S&P 500 forecast: Stocks extend drop as correction risks grow
US and global equity markets have extended Wednesday’s sell-off, with Wall Street opening lower after a weak handover from Asia and Europe. The deterioration in risk appetite has been spreading across global markets. The dollar was firmer, Treasury yields were holding onto yesterday’s gains, while gold, silver and bitcoin were all under pressure alongside equities and major currencies.
Nikkei threatens breakout as tech rebound broadens
Breakouts across the SOX and Nasdaq are being matched by rebounds across Asia, with the Nikkei now threatening to join the move.
Nasdaq 100 Forecast: Confidence Returns as the Index Challenges Record Highs
The trading week is getting underway with renewed bullish momentum across Nasdaq. This is reflected in today's session, where the index has gained more than 2.5%, highlighting a buying bias that has not been observed with this level of strength in several weeks.
StoneX Europe Ltd may make third party material available on this website which may contain information included but not limited to the conditions of financial markets. The material is for information purposes only and does not contain, and should not be construed as containing, investment advice and/or investment recommendation and/or an investment research and/or an offer of or solicitation for any transactions in financial instruments; any decision to enter into a specific transaction shall be made by the client following an assessment by him/her of their situation.
StoneX Europe Ltd makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or other information supplied. You should always seek independent advice as to your suitability to speculate in any related markets and your ability to assume the associated risks, if you are at all unsure. We are not under any obligation to update any such material. Any opinion made may be personal to the author and may not reflect the opinion of StoneX Europe Ltd.