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Futures Dip Following a Half Hour of Cash Trade


Despite the positive start for cash equity markets in the US, gains are being erased after around 30 minutes of trade, dragging US equity futures closer to unchanged.

Focus remains on all things fiscal - moves come alongside further clarity and details on the US stimulus talks, with Fox's Gasparino tweeting screenshots of the proposals which will likely not gain much traction.

E-mini S&P dips to 3468.75 before stabilising and bouncing slightly.

Communication services firms are leading the way lower, with financials and energy not far behind. Healthcare sector is trading defensively and sits in minor positive territory.

IBM earnings are due after the closing bell, which marks the shift in focus from financials and banks to tech names, with IBM, Intel, Netflix and Verizon among the larger reports due this week.

MNI London Bureau | +44 203-865-3809 |
MNI London Bureau | +44 203-865-3809 |

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