The S&P 500 Futures remain on the upside after they advanced further on Friday. Investors are watching closely a potential Covid-19 stimulus package being discussed by the government and Democrat lawmakers.
Later today, the Dallas Federal Reserve will post its Manufacturing Outlook Index for September (9.5 expected).
European indices are on the upside even if virus cases are resurging in Europe.
Asian indices closed in the green except the Australian ASX.
WTI Crude Oil futures are facing a consolidation. Russia's Energy Minister Alexander Novak said he expects the recovery in global oil market to "take quite a while before the pre-crisis levels can be reached".
Gold lost ground on positive Chinese economic data as the U.S dollar consolidates before the first Biden-Trump scheduled tomorrow.
Gold fell 2.43 dollars (-0.13%) to 1859.16 dollars while the dollar index declined 0.38pt to 94.261.
U.S. Equity Snapshot
Uber (UBER), the technology platform, is jumping before hours after regaining its London license.
Source: TradingView, GAIN Capital
Fedex (FDX), the package delivery service company, was upgraded to "buy" from "hold" at Kepler Cheuvreux.
Caesars Entertainment (CZR), the gaming company, is in advanced talks to buy William Hill for 272 pence per share in cash, valuing the UK company at around 2.9 billion dollars.
Delta Air Lines (DAL), an airline group, said it expects impairment charges before tax of between 2.0 billion and 2.5 billion dollars, as it has decided to retire its Boeing 717-200 aircraft and the reminder of its 767-300ER aircraft by December 2025 and its CRJ-200 aircraft by December 2023, earlier than previously scheduled.
American Airlines (AAL), an airline company, reported that it has secured term loan facility with US Treasury which permits it to borrow up to 5.48 billion dollars.
Cleveland-Cliffs (CLF), the mining company, agreed to buy ArcelorMittal USA for 1.4 billion dollars.
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.