28 07 US PRE OPEN
The S&P 500 American Futures are under pressure
Share this:
The S&P 500 American Futures are under pressure after they rebounded yesterday as Investors were cheered up by a new $1 trillion stimulus bill proposed by Republican Senators.
Later today, the Conference Board's Consumer Confidence Index will be published (a fall to 94.5 in July is expected). The July Richmond Federal Manufacturing Index will also be reported (expected at 5.0).
European indices are facing a consolidation on fears of a second Covid-19 wave as German Robert-Koch Institute warned that latest infection trend is "very worrying".
Asian indices closed on mixed notes. Hong Kong HSI and Chinese CSI were up when Japanese Nikkei and Australian ASX faced a consolidation.
WTI Crude Oil futures remain on the upside. Later today, API would release the change of U.S. oil stockpile data for July 24 (vs 7.544M barrel expected).
Gold consolidates after reaching an all-time high while the US dollar tries to rebound as investors await the outlook from the Fed and the passage of a US fiscal package.
Gold fell 16.58 dollars (-0.85%) to 1925.67 dollars.
EUR/USD declined 16pips to 1.1736 while the GBP/USD fell 3pips to 1.2879.
U.S. Equity Snapshot
Pfizer (PFE), the pharma giant, posted second quarter adjusted EPS of 0.78 dollar vs 0.80 dollar a year earlier, on sales down 11% to 11.80 billion dollars. Both figures beat estimates. The company raised its FY guidance both for adjusted EPS and sales.
Later today, the Conference Board's Consumer Confidence Index will be published (a fall to 94.5 in July is expected). The July Richmond Federal Manufacturing Index will also be reported (expected at 5.0).
European indices are facing a consolidation on fears of a second Covid-19 wave as German Robert-Koch Institute warned that latest infection trend is "very worrying".
Asian indices closed on mixed notes. Hong Kong HSI and Chinese CSI were up when Japanese Nikkei and Australian ASX faced a consolidation.
WTI Crude Oil futures remain on the upside. Later today, API would release the change of U.S. oil stockpile data for July 24 (vs 7.544M barrel expected).
Gold consolidates after reaching an all-time high while the US dollar tries to rebound as investors await the outlook from the Fed and the passage of a US fiscal package.
Gold fell 16.58 dollars (-0.85%) to 1925.67 dollars.
EUR/USD declined 16pips to 1.1736 while the GBP/USD fell 3pips to 1.2879.
U.S. Equity Snapshot
Pfizer (PFE), the pharma giant, posted second quarter adjusted EPS of 0.78 dollar vs 0.80 dollar a year earlier, on sales down 11% to 11.80 billion dollars. Both figures beat estimates. The company raised its FY guidance both for adjusted EPS and sales.
Source: TradingView, Gain Capital
3M (MMM), a diversified multinational conglomerate, reported second quarter adjusted EPS down 16.4% to 1.78 dollar, on sales down 12.2% to 7.2 billion dollars. Both figures missed estimates.
McDonald's (MCD), the global fast-food restaurant chain, is losing ground before hours as second quarter comparable sales and adjusted EPS missed estimates.
Raytheon (RTX), a technology and innovation leader specializing in defense, civil government and cybersecurity solutions, is gaining ground before hours after posting quarterly earnings that beat estimates.
Tesla (TSLA), the electric-vehicle maker, was downgraded to "underperform" from "market perform" at Bernstein.
F5 Networks (FFIV), a provider of Internet networking traffic products, lost ground after hours as fourth quarter billings and cash flow from operations missed estimates.
Universal Health Services (UHS), an owner and operator of a variety of healthcare facilities, announced second quarter adjusted EPS of 2.95 dollars, significantly exceeding forecasts, up from 2.76 dollars a year ago, on net revenue of 2.7 billion dollars, better than anticipated, down from 2.9 billion dollars a year earlier.
Cincinnati Financial (CINF), a property and casualty insurance company, posted second quarter EPS of 0.44 dollar, beating estimates, up from 0.85 dollar a year ago, on net income of 909.0 million dollars, up from 428.0 million dollars a year earlier.
The S&P 500 American Futures are under pressure after they rebounded yesterday as Investors were cheered up by a new $1 trillion stimulus bill proposed by Republican Senators.
Later today, the Conference Board's Consumer Confidence Index will be published (a fall to 94.5 in July is expected). The July Richmond Federal Manufacturing Index will also be reported (expected at 5.0).
European indices are facing a consolidation on fears of a second Covid-19 wave as German Robert-Koch Institute warned that latest infection trend is "very worrying".
Asian indices closed on mixed notes. Hong Kong HSI and Chinese CSI were up when Japanese Nikkei and Australian ASX faced a consolidation.
WTI Crude Oil futures remain on the upside. Later today, API would release the change of U.S. oil stockpile data for July 24 (vs 7.544M barrel expected).
Gold consolidates after reaching an all-time high while the US dollar tries to rebound as investors await the outlook from the Fed and the passage of a US fiscal package.
Gold fell 16.58 dollars (-0.85%) to 1925.67 dollars.
EUR/USD declined 16pips to 1.1736 while the GBP/USD fell 3pips to 1.2879.
U.S. Equity Snapshot
Pfizer (PFE), the pharma giant, posted second quarter adjusted EPS of 0.78 dollar vs 0.80 dollar a year earlier, on sales down 11% to 11.80 billion dollars. Both figures beat estimates. The company raised its FY guidance both for adjusted EPS and sales.
Later today, the Conference Board's Consumer Confidence Index will be published (a fall to 94.5 in July is expected). The July Richmond Federal Manufacturing Index will also be reported (expected at 5.0).
European indices are facing a consolidation on fears of a second Covid-19 wave as German Robert-Koch Institute warned that latest infection trend is "very worrying".
Asian indices closed on mixed notes. Hong Kong HSI and Chinese CSI were up when Japanese Nikkei and Australian ASX faced a consolidation.
WTI Crude Oil futures remain on the upside. Later today, API would release the change of U.S. oil stockpile data for July 24 (vs 7.544M barrel expected).
Gold consolidates after reaching an all-time high while the US dollar tries to rebound as investors await the outlook from the Fed and the passage of a US fiscal package.
Gold fell 16.58 dollars (-0.85%) to 1925.67 dollars.
EUR/USD declined 16pips to 1.1736 while the GBP/USD fell 3pips to 1.2879.
U.S. Equity Snapshot
Pfizer (PFE), the pharma giant, posted second quarter adjusted EPS of 0.78 dollar vs 0.80 dollar a year earlier, on sales down 11% to 11.80 billion dollars. Both figures beat estimates. The company raised its FY guidance both for adjusted EPS and sales.
Source: TradingView, Gain Capital
3M (MMM), a diversified multinational conglomerate, reported second quarter adjusted EPS down 16.4% to 1.78 dollar, on sales down 12.2% to 7.2 billion dollars. Both figures missed estimates.
McDonald's (MCD), the global fast-food restaurant chain, is losing ground before hours as second quarter comparable sales and adjusted EPS missed estimates.
Raytheon (RTX), a technology and innovation leader specializing in defense, civil government and cybersecurity solutions, is gaining ground before hours after posting quarterly earnings that beat estimates.
Tesla (TSLA), the electric-vehicle maker, was downgraded to "underperform" from "market perform" at Bernstein.
F5 Networks (FFIV), a provider of Internet networking traffic products, lost ground after hours as fourth quarter billings and cash flow from operations missed estimates.
Universal Health Services (UHS), an owner and operator of a variety of healthcare facilities, announced second quarter adjusted EPS of 2.95 dollars, significantly exceeding forecasts, up from 2.76 dollars a year ago, on net revenue of 2.7 billion dollars, better than anticipated, down from 2.9 billion dollars a year earlier.
Cincinnati Financial (CINF), a property and casualty insurance company, posted second quarter EPS of 0.44 dollar, beating estimates, up from 0.85 dollar a year ago, on net income of 909.0 million dollars, up from 428.0 million 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
RBA delivers 25bp hike, Bullock now the main event
The RBA delivered the expected 25bp hike, but Bullock’s press conference now looms as the bigger volatility risk for AUD/USD and the ASX 200.
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.
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.