Asia Morning: US Stock Index Futures Advance Over 1%

On Monday U.S. markets were closed for the Memorial Day. However, major stock index (Dow, S&P 500, Nasdaq 100) futures were still up over 1%...

Trading floor 2

On Monday U.S. markets were closed for the Memorial Day. However, Major Stock Index (Dow, S&P 500, Nasdaq 100) Futures were still up over 1%.  


Source: GAIN Capital, TradingView

Later today, U.S. New Home Sales (a decline to an annualized rate of 480,000 units in April expected) and the Conference Board's Consumer Confidence Index (a rise to 87.0 in May expected) will be reported.

In the Asia Pacific region, Hong Kong's Hang Seng Index (+0.1%) avoided drifting lower after tumbling over 5% last Friday. Japan's Nikkei 225 Index gained 1.7%, and Australia's ASX 200 Index jumped 2.2%.

European stocks were broadly higher, with the Stoxx Europe 600 Index rising 1.5%. Germany's DAX surged 2.9%, and France's CAC gained 2.2%. The U.K. market was closed for a bank holiday. 

Spot gold price retreated $7 (-0.5%) to $1,726 an ounce.

Brent crude oil futures (July) advanced 1.1% to $35.53 a barrel.

On the forex front, the ICE U.S. Dollar Index was little changed at 99.81, amid holiday-thinned trading.

EUR/USD slipped 0.1% yo 1.0896. Bank of France governor Francois Villeroy de Galhau said the European Central Bank "will probably need to go even further", as it has room to act. On the other hand, the German IFO Business Climate Index climbed to 79.5 in May (78.5 expected) from 74.2 in April and Expectations Index bounced to 80.1 (75.0 expected) from 69.4.


More from Indices

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.