U.S Futures up - Watch UBER, FDX, CZR, DAL

,

The S&P 500 Futures remain on the upside after they advanced further on Friday

Trading floor 2

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.

More from Equities

Join our live webinars for the latest analysis and trading ideas. Register now

GAIN Capital UK Limited (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.

For further details see our full non-independent research disclaimer and quarterly summary.