Nov 18, 2019

US Market | Futures Indicator Update: Dow futures point to higher open, building on Friday's record close

Silvia Amaro

U.S. stock index futures were higher Monday morning.
Around 6 a.m. ET, Dow futures indicated a positive open of more than 40 points. Futures on the S&P and Nasdaq were also pointing to a higher open.
Market players remain focused on U.S.-China trade talks. The Dow Jones Industrial Average topped 28,000 for the first time ever on Friday after White House economic advisor Larry Kudlow said China and the U.S. were getting close to reaching a trade deal.
On Saturday, Chinese state media said the two sides had “constructive talks” on trade that included Vice Premier Liu He, U.S. trade representative Robert Lighthizer, and Treasury Secretary Steven Mnuchin.
“More than in previous rounds, we see momentum toward reaching at least a limited trade deal, and certainly a mini-deal would remove some of the negative sentiment overhang for the real economy and markets,” said Patrik Schowitz, global multi-asset strategist at J.P. Morgan Asset Management.
“We have upgraded our outlook on equities as an asset class,” he added. “Emerging market equities are now our most favored region alongside U.S. large cap equities.”
Furthermore, investors are also monitoring developments in Hong Kong as civil unrest continues.
Meanwhile, Chinese officials have surprised markets with the announcement of a cut to its key interest rates for the first time since 2015. The move has sparked speculation of further stimulus measures in China.
On the data front, there will be business leaders survey figures out at 8:30 a.m. ET, the National Association of Home Builders survey is due at 10 a.m.
There are no major earnings to note.
Reuters contributed to this report.

No comments:

Post a Comment

Note: Only a member of this blog may post a comment.

Latest Post Published

From The Desk of Fernando Guzmán Cavero: Notification

Dear Friends:  Soon I'll be back with you with my selected financial daily News. Please, stay tuned                                     ...