The S&P 500 Futures are on the upside after they closed mixed on Friday.
No major economic data are expected today in North America.
European indices are consolidating after a positive opening. The European Commission has reported July industrial production at +4.1% (vs +4.2% on month expected).
Asian indices closed in the green. Official data showed that China's M2 money supply grew 10.4% on year in August (+10.7% expected), while new yuan loans totaled CNY1,280 billion (CNY1,250 billion expected). Japan's ruling Liberal Democratic Party has elected Yoshihide Suga as president to replace Shinzo Abe.
WTI Crude Oil futures are facing a consolidation. The total number of rotary rigs in the U.S. fell to 254 as of September 11 from 256 in the prior week, while rigs in Canada was unchanged at 52, according to Baker Hughes.
Gold gained 5.57$ (+0.29%) to 1946.12, still above 1900.
GBP/USD rose 54pips to 1.285 ahead of the U.K. Parliament vote on the Withdrawal Bill
U.S. Equity Snapshot
Nvidia (NVDA), a technology company, announced that it has agreed to acquire processor manufacturer Arm Holdings from SoftBank in a transaction valued at 40 billion dollars. The company added that the transaction is expected to be immediately accretive to its adjusted gross margin and adjusted EPS.
Source: GAIN Capital, TradingView
Gilead Sciences (GILD), a biopharmaceutical group, announced that it has agreed to acquire pharmaceutical company Immunomedics (IMMU) for 88 dollars per share, which values the company at about 21 billion dollars.
Oracle (ORCL), a computer technology company, leads Microsoft (MSFT) in the race to buy TikTok U.S. business, reported Bloomberg citing people familiar with the matter.
Merck & Co (MRK), a pharmaceutical company, has initiated the phase 1/2 trial of its Covid-19 vaccine in Belgium, according to Dow Jones.
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.