The S&P 500 Futures are rebounding after they ended in the red on Friday. On Sunday, Trump's medical team revealed that he could be discharged from hospital on Monday the soonest.
Later today, the Institute for Supply Management will post September Services PMI (56.2 expected). Research firm Markit will unveil the final readings of September Services PMI is expected at 54.6.
European indices are on the upside. Research firm Markit has published final readings of September Services PMI for the eurozone at 48.0 (vs 47.6 expected), for Germany at 50.6 (vs 49.1 expected), for France at 47.5 (vs 47.5 expected) and for the U.K. at 56.1 (vs 55.1 expected). The eurozone's August retail sales rose +4.4% on month (vs +2.5% expected).
Asian indices ended in the green except the Chinese CSI which remains closed for holidays until Thursday. Australia's NAB Business Confidence Index improved to -4 in September from -8 in August.
WTI Crude Oil futures are rebounding. Saudi Arabia's oil production totaled 8.974 million b/d in September, compared with 8.988 million b/d in August, reported Bloomberg citing an industry official.
Gold and the U.S dollar are steady as investors eyes Trump's health news.Gold fell 0.98 dollar (-0.05%) to 1898.86 dollars.
The dollar index declined 0.23pt to 93.613.
U.S. Equity Snapshot
Bristol-Myers Squibb (BMY), the biopharma company, and MyoKardia (MYOK) "announced a definitive merger agreement under which Bristol Myers Squibb will acquire MyoKardia for 13.1 billion dollars, or 225 dollars per share in cash. The transaction was unanimously approved by both the Bristol Myers Squibb and MyoKardia Boards of Directors and is anticipated to close during the fourth quarter of 2020."
Source: TradingView, GAIN Capital
Regeneron Pharmaceuticals (REGN), the pharma, is soaring before hours as shares were upgraded to "overweight" from "neutral" at Cantor.IBM (IBM), an IT company, announced that Bank of Thailand (BOT), the central bank, has successfully launched the world's first blockchain-based platform for government savings bonds issuing a total of 1.6 billion dollars within two weeks.
AT&T (T), one of the largest wireless communication carriers in the U.S., was downgraded to "underweight" from "sector weight" at Keybanc.
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.