The S&P 500 Futures are rebounding after they closed sharply lower yesterday as tech-led sell-off continued.
Later today, the U.S. Labor Department will report JOLTS job openings for July (6 million expected).
European indices are rebounding after they consolidated following announcement by AstraZeneca it halts clinical trials in Japan for Covid-19 vaccine for safety reasons.
Asian indices faced a drop this morning, following Wall Street sell-off.
WTI Crude Oil futures remain bearish after they plummeted 7.6% yesterday. Later today, American Petroleum Institute (API) would release the change of U.S. oil stockpile data for September 4.
Gold remains under pressure and declined 9.33$ (-0.48%) to 1922.7.
EUR/USD declined 13pips to 1.1765, the day's range was 1.1753 - 1.1787 compared to 1.1766 - 1.1827 the previous session ahead of the ECB meeting tomorrow.
U.S. Equity Snapshot
Lululemon Athletica's (LULU) shares are under pressure in premarket trading after the designer of athletic accessories and apparel said it expects adjusted profit in its current third fiscal quarter to fall as much as 20% because of higher marketing costs. The company reported second quarter adjusted EPS of 0.74 dollar, beating the estimate, down from 0.96 dollar a year ago.
Source: GAIN Capital, TradingView
Slack Technologies (WORK) shares are heavily down in premarket trading after the collaboration hub announced second quarter LPS of 0.13 dollar, below the forecast, up from an LPS of 0.98 dollar last year on revenue of 215.9 million dollars up from 145.0 million dollars a year earlier.
Northrop Grumman (NOC), an aerospace and defense technology company, announced that it has secured a 13.3 billion dollars contract from the U.S. Air Force for the modernization of the nation's intercontinental ballistic missile (ICBM) system.
StoneX Financial Ltd (trading as “City Index”) is an execution-only service provider. This material, whether or not it states any opinions, is for general information purposes only and it does not take into account your personal circumstances or objectives. This material has been prepared using the thoughts and opinions of the author and these may change. However, City Index does not plan to provide further updates to any material once published and it is not under any obligation to keep this material up to date. This material is short term in nature and may only relate to facts and circumstances existing at a specific time or day. Nothing in this material is (or should be considered to be) financial, investment, legal, tax or other advice and no reliance should be placed on it.
No opinion given in this material constitutes a recommendation by City Index or the author that any particular investment, security, transaction or investment strategy is suitable for any specific person. The material has not been prepared in accordance with legal requirements designed to promote the independence of investment research. Although City Index is not specifically prevented from dealing before providing this material, City Index does not seek to take advantage of the material prior to its dissemination. This material is not intended for distribution to, or use by, any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.