09 10 US PRE OPEN
The S&P 500 Futures remain on the upside even if market optimism
Share this:
The S&P 500 Futures remain on the upside even if market optimism is capped by a tug-of-war between the U.S. government and Congress on negotiations over a new fiscal stimulus package.
Later today, the U.S. Commerce Department will post final readings of August wholesale inventories (+0.5% on month expected).
European indices are facing a consolidation. France's INSEE has reported August industrial production at +1.3% (vs +1.7% on month expected). The U.K. Office for National Statistics has released August GDP at +2.1% (vs +4.6% on month expected), industrial production at +0.3% (vs +2.5% on month expected) and trade balance at 1.3 billion pounds surplus (vs break even expected).
Asian indices were under pressure. Japan's household spending dropped 6.9% on year in August (-6.7% expected). China's Caixin Services PMI rose to 54.8 in September (54.3 expected) from 54.0 in August.
WTI Crude Oil futures are turning down. OPEC said "worst is over for the global oil market" and predicted that the worldwide oil demand would return to the pre-crisis level in 2022. Later today, Baker Hughes will report the total number of rig counts for the U.S. and Canada.
Gold keeps bouncing as the U.S dollar retreats on U.S stimulus hopes.
Gold jumped 22.16 dollars (+1.17%) to 1915.98 dollars.
The dollar index fell 0.28pt to 93.323.
U.S. Equity Snapshot
Advanced Micro Devices (AMD), a semiconductor company, is near a deal to acquire chip maker Xilinx (XLNX) for more than 30 billion dollars, reported the Wall Street Journal.
Source: TradingView, GAIN Capital
Later today, the U.S. Commerce Department will post final readings of August wholesale inventories (+0.5% on month expected).
European indices are facing a consolidation. France's INSEE has reported August industrial production at +1.3% (vs +1.7% on month expected). The U.K. Office for National Statistics has released August GDP at +2.1% (vs +4.6% on month expected), industrial production at +0.3% (vs +2.5% on month expected) and trade balance at 1.3 billion pounds surplus (vs break even expected).
Asian indices were under pressure. Japan's household spending dropped 6.9% on year in August (-6.7% expected). China's Caixin Services PMI rose to 54.8 in September (54.3 expected) from 54.0 in August.
WTI Crude Oil futures are turning down. OPEC said "worst is over for the global oil market" and predicted that the worldwide oil demand would return to the pre-crisis level in 2022. Later today, Baker Hughes will report the total number of rig counts for the U.S. and Canada.
Gold keeps bouncing as the U.S dollar retreats on U.S stimulus hopes.
Gold jumped 22.16 dollars (+1.17%) to 1915.98 dollars.
The dollar index fell 0.28pt to 93.323.
U.S. Equity Snapshot
Advanced Micro Devices (AMD), a semiconductor company, is near a deal to acquire chip maker Xilinx (XLNX) for more than 30 billion dollars, reported the Wall Street Journal.
Source: TradingView, GAIN Capital
NXP Semiconductors (NXPI), the tech company, soared after hours after issuing third quarter sales guidance that beat estimates.
Walmart (WMT): "Walmart Canada is seeking to immediately hire 10,000 new associates as the business grows and offers customers the very best shopping experience."The S&P 500 Futures remain on the upside even if market optimism is capped by a tug-of-war between the U.S. government and Congress on negotiations over a new fiscal stimulus package.
Later today, the U.S. Commerce Department will post final readings of August wholesale inventories (+0.5% on month expected).
European indices are facing a consolidation. France's INSEE has reported August industrial production at +1.3% (vs +1.7% on month expected). The U.K. Office for National Statistics has released August GDP at +2.1% (vs +4.6% on month expected), industrial production at +0.3% (vs +2.5% on month expected) and trade balance at 1.3 billion pounds surplus (vs break even expected).
Asian indices were under pressure. Japan's household spending dropped 6.9% on year in August (-6.7% expected). China's Caixin Services PMI rose to 54.8 in September (54.3 expected) from 54.0 in August.
WTI Crude Oil futures are turning down. OPEC said "worst is over for the global oil market" and predicted that the worldwide oil demand would return to the pre-crisis level in 2022. Later today, Baker Hughes will report the total number of rig counts for the U.S. and Canada.
Gold keeps bouncing as the U.S dollar retreats on U.S stimulus hopes.
Gold jumped 22.16 dollars (+1.17%) to 1915.98 dollars.
The dollar index fell 0.28pt to 93.323.
U.S. Equity Snapshot
Advanced Micro Devices (AMD), a semiconductor company, is near a deal to acquire chip maker Xilinx (XLNX) for more than 30 billion dollars, reported the Wall Street Journal.
Source: TradingView, GAIN Capital
Later today, the U.S. Commerce Department will post final readings of August wholesale inventories (+0.5% on month expected).
European indices are facing a consolidation. France's INSEE has reported August industrial production at +1.3% (vs +1.7% on month expected). The U.K. Office for National Statistics has released August GDP at +2.1% (vs +4.6% on month expected), industrial production at +0.3% (vs +2.5% on month expected) and trade balance at 1.3 billion pounds surplus (vs break even expected).
Asian indices were under pressure. Japan's household spending dropped 6.9% on year in August (-6.7% expected). China's Caixin Services PMI rose to 54.8 in September (54.3 expected) from 54.0 in August.
WTI Crude Oil futures are turning down. OPEC said "worst is over for the global oil market" and predicted that the worldwide oil demand would return to the pre-crisis level in 2022. Later today, Baker Hughes will report the total number of rig counts for the U.S. and Canada.
Gold keeps bouncing as the U.S dollar retreats on U.S stimulus hopes.
Gold jumped 22.16 dollars (+1.17%) to 1915.98 dollars.
The dollar index fell 0.28pt to 93.323.
U.S. Equity Snapshot
Advanced Micro Devices (AMD), a semiconductor company, is near a deal to acquire chip maker Xilinx (XLNX) for more than 30 billion dollars, reported the Wall Street Journal.
Source: TradingView, GAIN Capital
NXP Semiconductors (NXPI), the tech company, soared after hours after issuing third quarter sales guidance that beat estimates.
Walmart (WMT): "Walmart Canada is seeking to immediately hire 10,000 new associates as the business grows and offers customers the very best shopping experience."Related tags:
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, 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.
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.