220520 US Pre Open
The S&P 500 Futures are calling for a flat to positive open after they closed lower yesterday, dragged by renewed tensions between the U.S. and China.
Share this:
The S&P 500 Futures are calling for a flat to positive open after they closed lower yesterday, dragged by renewed tensions between the U.S. and China. While reiterating his disappointment with China's response to the coronavirus crisis, U.S. President Donald Trump claimed China was behind a disinformation and propaganda attack on the U.S. and Europe. Sentiment was also dampened by an official report that over two million Americans applied for unemployment benefits.
European indices are rebounding, after opening on the downside as China wants to impose new national security legislation on Hong Kong, threatening its status as a global financial center. The U.K. Office for National Statistics has reported April retail sales at -18.1% (vs -15.5% on month expected).
Asian indices closed in the red. This morning, the Bank of Japan announced plans to start a new 75 trillion yen lending program in June, to support coronavirus-hit businesses, while keeping its benchmark rate at -0.1% and 10-year government bond yield target at about 0% unchanged. Also, official data showed that Japan's core CPI dipped 0.2% on year in April (-0.1% expected), the first decline in more than three years.
WTI Crude Oil Futures are on the downside. IHS Markit projected that U.S. Crude Oil production would drop 1.75M b/d.
Gold rose 8.06$ (+0.47%) to 1735.06, rebounding on geopolitical tensions while the US dollar remains firm. EUR/USD fell 47pips to 1.0903 and GBP/USD declined 38pips to 1.2185.
US Equity Snapshot
IBM (IBM), the tech company, announced job cuts, likely in the thousands according to different reports.
Alibaba (BABA), the e-commerce chines company, posted fourth quarter sales up 22% to 114.3 billion yuan (16 billion dollars), above estimates. Adjusted EPS also topped forecasts.
Hewlett Packard Enterprise (HPE), a supplier of information technology products and services, reported second quarter adjusted EPS of 0.22 dollar, below consensus, down from 0.42 dollar a year ago, on net sales of 6.0 billion dollars, less than forecast, down from 7.2 billion dollars in the previous year.
Nvidia (NVDA), a leading designer of graphics processors, posted first quarter adjusted EPS up to 1.80 dollar from 0.88 dollar a year earlier, on sales up to 3.08 billion dollars from 2.22 billion dollars a year ago. Both figures beat estimates. The company expects second quarter sales of 3.65 billion dollars, plus or minus 2%, in-line with forecasts.
Deere & Co (DE), a manufacturer of agricultural and construction equipment, unveiled second quarter EPS down to 2.11 dollars from 3.52 dollars a year earlier, on sales down 20% to 8.22 billion dollars. Both figures beat estimates. The company expects full year net income between 1.6 and 2 billion dollars, slightly below consensus.
Intuit (INTU), a developer and marketer of accounting software for small and medium sized businesses, announced third quarter adjusted EPS of 4.49 dollars, missing estimates, down from 5.55 dollars a year ago, on sales of 3.0 billion dollars, as expected, down from 3.3 billion dollars in the year before.
European indices are rebounding, after opening on the downside as China wants to impose new national security legislation on Hong Kong, threatening its status as a global financial center. The U.K. Office for National Statistics has reported April retail sales at -18.1% (vs -15.5% on month expected).
Asian indices closed in the red. This morning, the Bank of Japan announced plans to start a new 75 trillion yen lending program in June, to support coronavirus-hit businesses, while keeping its benchmark rate at -0.1% and 10-year government bond yield target at about 0% unchanged. Also, official data showed that Japan's core CPI dipped 0.2% on year in April (-0.1% expected), the first decline in more than three years.
WTI Crude Oil Futures are on the downside. IHS Markit projected that U.S. Crude Oil production would drop 1.75M b/d.
Gold rose 8.06$ (+0.47%) to 1735.06, rebounding on geopolitical tensions while the US dollar remains firm. EUR/USD fell 47pips to 1.0903 and GBP/USD declined 38pips to 1.2185.
US Equity Snapshot
IBM (IBM), the tech company, announced job cuts, likely in the thousands according to different reports.
Alibaba (BABA), the e-commerce chines company, posted fourth quarter sales up 22% to 114.3 billion yuan (16 billion dollars), above estimates. Adjusted EPS also topped forecasts.
Hewlett Packard Enterprise (HPE), a supplier of information technology products and services, reported second quarter adjusted EPS of 0.22 dollar, below consensus, down from 0.42 dollar a year ago, on net sales of 6.0 billion dollars, less than forecast, down from 7.2 billion dollars in the previous year.
Nvidia (NVDA), a leading designer of graphics processors, posted first quarter adjusted EPS up to 1.80 dollar from 0.88 dollar a year earlier, on sales up to 3.08 billion dollars from 2.22 billion dollars a year ago. Both figures beat estimates. The company expects second quarter sales of 3.65 billion dollars, plus or minus 2%, in-line with forecasts.
Deere & Co (DE), a manufacturer of agricultural and construction equipment, unveiled second quarter EPS down to 2.11 dollars from 3.52 dollars a year earlier, on sales down 20% to 8.22 billion dollars. Both figures beat estimates. The company expects full year net income between 1.6 and 2 billion dollars, slightly below consensus.
Intuit (INTU), a developer and marketer of accounting software for small and medium sized businesses, announced third quarter adjusted EPS of 4.49 dollars, missing estimates, down from 5.55 dollars a year ago, on sales of 3.0 billion dollars, as expected, down from 3.3 billion dollars in the year before.
Source : TradingVIEW, Gain Capital
The S&P 500 Futures are calling for a flat to positive open after they closed lower yesterday, dragged by renewed tensions between the U.S. and China. While reiterating his disappointment with China's response to the coronavirus crisis, U.S. President Donald Trump claimed China was behind a disinformation and propaganda attack on the U.S. and Europe. Sentiment was also dampened by an official report that over two million Americans applied for unemployment benefits.
European indices are rebounding, after opening on the downside as China wants to impose new national security legislation on Hong Kong, threatening its status as a global financial center. The U.K. Office for National Statistics has reported April retail sales at -18.1% (vs -15.5% on month expected).
Asian indices closed in the red. This morning, the Bank of Japan announced plans to start a new 75 trillion yen lending program in June, to support coronavirus-hit businesses, while keeping its benchmark rate at -0.1% and 10-year government bond yield target at about 0% unchanged. Also, official data showed that Japan's core CPI dipped 0.2% on year in April (-0.1% expected), the first decline in more than three years.
WTI Crude Oil Futures are on the downside. IHS Markit projected that U.S. Crude Oil production would drop 1.75M b/d.
Gold rose 8.06$ (+0.47%) to 1735.06, rebounding on geopolitical tensions while the US dollar remains firm. EUR/USD fell 47pips to 1.0903 and GBP/USD declined 38pips to 1.2185.
US Equity Snapshot
IBM (IBM), the tech company, announced job cuts, likely in the thousands according to different reports.
Alibaba (BABA), the e-commerce chines company, posted fourth quarter sales up 22% to 114.3 billion yuan (16 billion dollars), above estimates. Adjusted EPS also topped forecasts.
Hewlett Packard Enterprise (HPE), a supplier of information technology products and services, reported second quarter adjusted EPS of 0.22 dollar, below consensus, down from 0.42 dollar a year ago, on net sales of 6.0 billion dollars, less than forecast, down from 7.2 billion dollars in the previous year.
Nvidia (NVDA), a leading designer of graphics processors, posted first quarter adjusted EPS up to 1.80 dollar from 0.88 dollar a year earlier, on sales up to 3.08 billion dollars from 2.22 billion dollars a year ago. Both figures beat estimates. The company expects second quarter sales of 3.65 billion dollars, plus or minus 2%, in-line with forecasts.
Deere & Co (DE), a manufacturer of agricultural and construction equipment, unveiled second quarter EPS down to 2.11 dollars from 3.52 dollars a year earlier, on sales down 20% to 8.22 billion dollars. Both figures beat estimates. The company expects full year net income between 1.6 and 2 billion dollars, slightly below consensus.
Intuit (INTU), a developer and marketer of accounting software for small and medium sized businesses, announced third quarter adjusted EPS of 4.49 dollars, missing estimates, down from 5.55 dollars a year ago, on sales of 3.0 billion dollars, as expected, down from 3.3 billion dollars in the year before.
European indices are rebounding, after opening on the downside as China wants to impose new national security legislation on Hong Kong, threatening its status as a global financial center. The U.K. Office for National Statistics has reported April retail sales at -18.1% (vs -15.5% on month expected).
Asian indices closed in the red. This morning, the Bank of Japan announced plans to start a new 75 trillion yen lending program in June, to support coronavirus-hit businesses, while keeping its benchmark rate at -0.1% and 10-year government bond yield target at about 0% unchanged. Also, official data showed that Japan's core CPI dipped 0.2% on year in April (-0.1% expected), the first decline in more than three years.
WTI Crude Oil Futures are on the downside. IHS Markit projected that U.S. Crude Oil production would drop 1.75M b/d.
Gold rose 8.06$ (+0.47%) to 1735.06, rebounding on geopolitical tensions while the US dollar remains firm. EUR/USD fell 47pips to 1.0903 and GBP/USD declined 38pips to 1.2185.
US Equity Snapshot
IBM (IBM), the tech company, announced job cuts, likely in the thousands according to different reports.
Alibaba (BABA), the e-commerce chines company, posted fourth quarter sales up 22% to 114.3 billion yuan (16 billion dollars), above estimates. Adjusted EPS also topped forecasts.
Hewlett Packard Enterprise (HPE), a supplier of information technology products and services, reported second quarter adjusted EPS of 0.22 dollar, below consensus, down from 0.42 dollar a year ago, on net sales of 6.0 billion dollars, less than forecast, down from 7.2 billion dollars in the previous year.
Nvidia (NVDA), a leading designer of graphics processors, posted first quarter adjusted EPS up to 1.80 dollar from 0.88 dollar a year earlier, on sales up to 3.08 billion dollars from 2.22 billion dollars a year ago. Both figures beat estimates. The company expects second quarter sales of 3.65 billion dollars, plus or minus 2%, in-line with forecasts.
Deere & Co (DE), a manufacturer of agricultural and construction equipment, unveiled second quarter EPS down to 2.11 dollars from 3.52 dollars a year earlier, on sales down 20% to 8.22 billion dollars. Both figures beat estimates. The company expects full year net income between 1.6 and 2 billion dollars, slightly below consensus.
Intuit (INTU), a developer and marketer of accounting software for small and medium sized businesses, announced third quarter adjusted EPS of 4.49 dollars, missing estimates, down from 5.55 dollars a year ago, on sales of 3.0 billion dollars, as expected, down from 3.3 billion dollars in the year before.
Source : TradingVIEW, Gain Capital
Related tags:
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, 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.