Free Trial

US Equity Futures Rally Dissipates, Indicating a Minor Negative Open

EQUITIES

Equities in Europe are uniformly higher, with Spanish and French equities leading the way, while UK and Italian stocks lag slightly (but still trade with decent gains).

Europe's rally is being driven by consumer discretionary and communication services sectors, with financials not far behind. Travel firms trade particularly well, with easyJet, IAG, TUI AG and Aeroports de Paris all higher by 6% or more.

US futures are lower, indicating a negative open on Wall Street later today. The e-mini S&P is pulling further off the alltime high printed yesterday at 3587.00, with the index down 10-15 points a few hours out from the open.

US weekly jobless claims and the ISM Services Index take focus going forward ahead of tomorrow's NFP.

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.