CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 69% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Open account
☰
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 69% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Open account
✖

080620 US Pre Open

Article By: ,  Financial Analyst
June 8, 2020 8:40 AM

US Futures still rising, watch GILD, LLY, BX, PCG

The S&P 500 Futures  remain on the upside after they jumped on an unexpected surge in May jobs on Friday.

European indices are consolidating. The Eurozone Sentix Investor Confidence Index for June was released at -24.8 (vs -22.0 expected). The German Federal Statistical Office has reported April industrial production at -17.9% (-16.8% on month expected).

Asian indices all closed in the green. Over the weekend, government data showed that China's exports fell 3.3% on year in May (-6.5% expected) and imports declined 16.7% (-7.9% expected). This morning, official data showed that Japan's final readings of first quarter annualized GDP posted -2.2% on quarter (-2.1% expected).

WTI Crude Oil Futures remain on the upside. Over the weekend, The Organization of the Petroleum Exporting Countries and its allies (OPEC+) agreed to a one-month extension of oil-production cuts.

Gold consolidates after losing ground at the end of last week on strong US jobs data. The US dollar is dipping against commodity currencies on economic recovery hopes. 

Gold rose to 10.86$ (+0.64%) to 1695.92 dollars. AUD/USD rose 7pips to 0.6976 while USD/CAD fell 7pips to 1.3415.

US Equity Snapshot



Gilead Sciences (GILD), a biopharmaceutical company focused on infectious diseases, might have been approached by UK pharma AstraZeneca regarding a potential merger, reported Bloomberg.

Eli Lilly (LLY), a developer and producer of pharmaceuticals, announced "the start of a Phase 1 study for its second potential COVID-19 antibody treatment."

Blackstone (BX), the investment company, cut its offer for Dutch lender NIBC to 7 euros a share from 9.32 euros a share previously.

PG&E Corp (PCG), a holding company involving in energy-based businesses, "expects to pursue 5.75 billion dollars underwritten public offerings of common stock and equity units to partially fund emergence from Chapter 11."

Source : TradingVIEW, Gain Capital


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.

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

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 69% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. CFD and Forex Trading are leveraged products and your capital is at risk. They may not be suitable for everyone. Please ensure you fully understand the risks involved by reading our full risk warning.

City Index is a trading name of StoneX Financial Ltd. Head and Registered Office: 1st Floor, Moor House, 120 London Wall, London, EC2Y 5ET. StoneX Financial Ltd is a company registered in England and Wales, number: 05616586. Authorised and regulated by the Financial Conduct Authority. FCA Register Number: 446717.

City Index is a trademark of StoneX Financial Ltd.

The information on this website is not targeted at the general public of any particular country. It is not intended for distribution to residents in any country where such distribution or use would contravene any local law or regulatory requirement.

© City Index 2024