US Futures rising - Watch TSLA, BX, SPOT, PINS, DE, EL


The S&P 500 Futures remain on the upside after they charged higher on Friday

Trading floor 2

The S&P 500 Futures remain on the upside after they charged higher on Friday, as both the S&P and the Nasdaq marked record closes. Market sentiment was supported by upbeat economic data.

Later today, the Federal Reserve Bank of Chicago will post July National Activity Index (3.7 expected).

European indices are bullish even if European Union's chief negotiator Michel Barnier said on Friday, about Brexit: "at this stage, an agreement between the U.K. and the E.U. seems unlikely".

Asian indices all closed in the green. Official data showed that New Zealand's 2Q retail sales declined 14.6% on quarter (-15.0% expected).Also, Japanese Prime Minister Shinzo Abe plans to go to hospital again today.

WTI Crude Oil futures are rebounding. The total number of rigs in the U.S. rose to 254 as of August 21 from 244 a week ago, and rigs in Canada increased to 56 from 54, according to Baker Hughes.

Gold rebounds on falling US dollar.

Gold rose 9.05 dollars (+0.47%) to 1949.52 dollars while the dollar index fell 0.32pt to 92.927 dollars.

U.S. Equity Snapshot

Tesla (TSLA)'s, the electric-vehicle maker, price target was raised to 3,500 dollars from 2,500 dollars at Wedbush.

Source:  GAIN Capital, TradingView

Blackstone (BX), the investment firm, agreed to buy Takeda Pharmaceutical's Japan consumer health care business unit for 2.3 billion dollars.

Spotify (SPOT), the music streaming specialist, unveiled an Esports partnership with Riot Games.

Pinterest (PINS), the social network, was downgraded to "neutral" from "buy" at Citi. 

Deere & Co (DE), a manufacturer of agricultural and construction equipment, was upgraded to "buy" from "neutral" at BofA Securities.

Estee Lauder (EL), the cosmetics company, was upgraded to "outperform" from "sector perform" at RBC Capital Markets.

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.