The S&P 500 Futures remain on the upside after they posted further gains on Friday. U.S President Donald Trump said in an interview that he wants to see a larger stimulus package than the one offered by either Democrats or Republicans.
No major economic data are expected in North America today.
European indices are on the upside. In Germany, September Wholesale Prices were released at +0.0%, vs -0.4% on month in August.
Asian indices closed in the green except the Japanese Nikkei. Japan's core machine orders grew 0.2% on month in August (-0.4% expected) and PPI fell 0.8% on year in September (-0.5% expected).
WTI Crude Oil futures are under pressure. The total number of rotary rigs in the U.S. rose to 269 as of October 9 from 266 in the prior week, and rigs in Canada increased to 80 from 75, according to Baker Hughes.
Gold and U.S dollar are consolidating, amid bets on U.S fiscal stimulus.Gold fell 8.64 dollars (-0.45%) to 1921.76 dollars.
The dollar index rose 0.15pt to 93.204.
U.S. Equity Snapshot
Apple (AAPL)'s price target was raised to 132 dollars from 111 dollars at RBC Capital.
Source: TradingView, GAIN Capital
Twitter (TWTR), the social network, was upgraded to "buy" from "hold" at Deutsche Bank.
Pepsico (PEP), the international beverage and food company, was upgraded to "buy" from "neutral" at Citi.
United Airlines (UAL) was downgraded to "equal-weight" from "overweight" at Barclays.
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.