US Futures green - Watch M, AMC, AAL, HRB, PTON


The S&P 500 Futures remain on the upside after they closed higher yesterday

Stocks (3)

The S&P 500 Futures remain on the upside after they closed higher yesterday.

U.S. ADP private jobs report for August will be today's focus (+1 million expected). Meanwhile, July factory orders (+6.1% on month expected) and the Federal Reserve's Beige Book will also be released.

European indices are posting a strong rebound in mid-day trading. The European Commission has posted July PPI at +0.6% (vs +0.5% expected). The German Federal Statistical Office has reported July retail sales at -0.9% on month (vs +0.5% expected). In the U.K., the Nationwide Building Society has released its House Price Index for August at +2.0% (vs +0.5% on month expected).

Asian indices closed in dispersed order. The Australian ASX closed on a strong up move despite that the Australian economy contracted 6.3% on year in the second quarter (vs -5.1% expected).

WTI Crude Oil futures remain in the green. The American Petroleum Institute (API) reported that U.S. crude-oil inventories dropped 6.36 million barrels in the week ending August 28 (-1.89 million barrels expected). Later today, the U.S. Energy Information Administration (EIA) will release official crude oil inventories data for the same week.

Gold consolidates as the US dollar gains ground on strong US economic data.

Gold fell 2.76 dollars (-0.14%) to 1967.42 dollars while the dollar index rose 0.28pt to 92.617 dollars.

U.S. Equity Snapshot

Macy's (M), the department store chain, is soaring before hours as quarterly earnings and sales beat estimates.

Source: TradingView, GAIN Capital

AMC Entertainment (AMC), the movie exhibition company, jumped after hours after saying that "70% of AMC Theatres U.S. Circuit would be opened by Friday, September 4, as approximately 140 additional locations reopen this week, including the first AMCs in California."

American Airlines Group (AAL) was downgraded to "sell" from "hold", Delta Air Lines to "hold" from "buy", Southwest Airlines to "hold" from "buy", all at Berenberg.

H&R Block (HRB), a provider of tax return services, disclosed first quarter adjusted EPS of 0.55 dollar, beating estimates, vs an adjusted LPS of 0.66 dollar a year ago, on revenue of 601.0 million dollars, also better than expected, up from 150.4 million dollars a year earlier.

Peloton Interactive (PTON)'s, the interactive fitness platform, price target was raised to 105 dollars from 58 dollars at JPMorgan.

More from Equities

From time to time, GAIN Capital Australia Pty Ltd (“we”, “our”) website may contain links to other sites and/or resources provided by third parties. These links and/or resources are provided for your information only and we have no control over the contents of those materials, and in no way endorse their content. Any analysis, opinion, commentary or research-based material on our website is for information and educational purposes only and is not, in any circumstances, intended to be an offer, recommendation or solicitation to buy or sell. 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. No representation or warranty is made, express or implied, that the materials on our website are complete or accurate. We are not under any obligation to update any such material.

As such, we (and/or our associated companies) will not be responsible or liable for any loss or damage incurred by you or any third party arising out of, or in connection with, any use of the information on our website (other than with regards to any duty or liability that we are unable to limit or exclude by law or under the applicable regulatory system) and any such liability is hereby expressly disclaimed.