European equities a bit lofty to begin the day
1 min read
US futures are keeping a little more mixed with Dow futures lower, S&P 500 futures flat, and Nasdaq futures a touch higher to start the session. So, that sort of underscores that risk sentiment is still more tepid and indecisive for now.
In the currencies space though, the dollar is keeping slightly firmer across the board. EUR/USD is a little softer to 1.1750 levels while AUD/USD eased to a session low of 0.7114 after news of further business restrictions in Melbourne city earlier.
Euro area manufacturing PMI data for July are up next but they should just reaffirm what we already know from the preliminary readings in any case.
a. Eurostoxx +0.3%
b. Germany DAX +0.6%
c. France CAC 40 +0.3%
d. UK FTSE +0.1%
e. Spain IBEX -0.1%
S&P emini futures were last up 0.1%, extending a rally in Wednesday’s stock market trading session. Nasdaq 100 emini futures rose 0.5%.
Democratic candidate Joe Biden predicted a U.S. election win over President Donald Trump after pivotal victories in Michigan and Wisconsin, while the Republican incumbent sought to offset a narrowing path to re-election with lawsuits and demands for a recount.
Read more at:
https://economictimes.indiatimes.com/markets/stocks/news/sp-500-futures-rise-as-u-s-election-suggests-less-regulatory-risk/articleshow/79058658.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst
