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Futures Point to Higher Friday Open on Wall Street

EQUITIES

Stock futures sit higher ahead of the NY crossover, with US markets indicating a positive open on Wall Street later today. The S&P E-Minis trend condition remains bearish and the recovery from Wednesday’s low is considered corrective. The contract has recently cleared the 50-day EMA. This reinforces the bearish theme and signals scope for a continuation lower. The EUROSTOXX 50 futures trend direction remains down and short-term gains are considered corrective, The contract has recently pierced 3456.00, the 76.4% retracement of the Jul 5 - Aug 17 rally.


  • Japan's NIKKEI 225 closed up 149.47 pts or +0.53% at 28214.75 and the TOPIX ended 7.91 pts higher or +0.4% at 1965.53. China's SHANGHAI closed up 26.468 pts or +0.82% at 3262.054 and the HANG SENG ended 507.63 pts higher or +2.69% at 19362.25.
  • Meanwhile, Germany's Dax trades higher by 208.16 pts or +1.61% at 13112.56, FTSE 100 up 105.25 pts or +1.45% at 7365.43, CAC 40 up 92.73 pts or +1.51% at 6217.64 and Euro Stoxx 50 up 61.95 pts or +1.76% at 3574.31.
  • Dow Jones mini up 231 pts or +0.73% at 32003, S&P 500 mini up 29 pts or +0.72% at 4036.75, NASDAQ mini up 112 pts or +0.91% at 12433.5.
MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com

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