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Non-Directional Stock Markets Suggest a Flat US Open

EQUITIES
  • Cash equity markets are generally mixed, but the outlook remains positive, with the Stoxx600 index creeping to a new alltime high. Generally flat core European markets suggest a flat open on Wall Street later today, with focus on the upcoming weekly jobless claims data and PPI for July.
  • Europe's communication services and real estate sectors are at the top of the pile, countering losses across materials and utilities.
  • The e-mini S&P is trading just below yesterday's alltime high at 4443.25 and a break above opens 4481.75, the 1.00 projection of the Jun 21 - Jul 14 - 19 price swing.

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