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
✖

18 09 US PRE OPEN

Article By: ,  Financial Analyst
September 18, 2020 8:58 AM

U.S Futures mixed - Watch BA, F, STLX

The American Futures are little changed after they ended in negative territory yesterday. The persistently high claims for U.S. jobless benefits caused some concerns.

Later today, the U.S. Commerce Department will release 2Q current account balance (160 billion dollars deficit expected). The Conference Board will post its Leading Index for August (+1.3% on month expected). The University of Michigan will publish its Consumer Sentiment Index for September (75.0 expected).

European indices are facing a consolidation. The German Federal Statistical Office has posted August PPI at +0.0% on month, as expected. The U.K. Office for National Statistics has reported August retail sales at +0.8% (vs +0.7% on month expected). The July Eurozone Trade balance was released at 16.6 billion euros surplus, vs 20.7 billion euros surplus in June.

Asian indices closed in the green except the Australian ASX. Japan's national CPI grew 0.2% on year in August (as expected).

WTI Crude Oil futures remain on the upside after the Organization of the Petroleum Exporting Countries (OPEC) and its allies stressed commitment to their agreed output cut. Later today, Baker Hughes will report the total number of rig counts for the U.S. and Canada.

Gold advanced 5.3$ to 1955.82, as dollar remains under pressure.

U.S. dollar remains on the downside as high jobless levels is worrying investors.


U.S. Equity Snapshot


Boeing (BA): The National Transportation Safety Board said proposed safety upgrades for Boeing's 737 MAX are "positive progress".


Source: GAIN Capital, TradingView

Ford Motor (F), the automaker, will invest $700 million to expand its plant in Michigan. With this expansion, the group will begin production of its electric pickup, the F-150, by mid-2022.

Steel Dynamics (STLD) shares jump in premarket trading after the iron producer raised its third quarter forecast. The Co expects its adjusted EPS in a range of 0.46 to 0.50 dollar compared to a previous estimate of 0.30 to 0.54 dollar.

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