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
✖

27 11 US PRE OPEN

Article By: ,  Financial Analyst
November 27, 2020 7:53 AM

U.S Futures slightly up- Watch TSLA, DIS, CSCO

The S&P 500 Futures are slightly on the upside after U.S. financial markets were closed for the Thanksgiving holiday yesterday.

European indices opened on the upside before facing a consolidation as EU Ambassadors agreed to prepare diligently for all possible Brexit outcomes and called on EU Commission to present contingency measures for No Deal urgently. The European Commission has reported the Eurozone’s November Consumer Confidence Index at -17.6, vs -15.5 in October and Economic Confidence Index at 87.6 (vs 86.0 expected). In Germany, October Import Prices were released at +0.3%, vs +0.1% expected. France's INSEE has posted November CPI at +0.2% (vs +0.0% on month expected) and final readings of 3Q GDP at +18.7% (vs +18.2% on quarter expected).

Asian indices closed on the upside, except the Australian ASX. Official data showed that Japan's Tokyo CPI fell 0.7% on year in November (-0.5% expected).

WTI Crude Oil remains on the upside. OPEC committee projected that global oil supply will exceed demand by 200K b/d in 1Q, if OPEC+ proceed with its scheduled supply increase, reported Bloomberg citing source. OPEC+ will meet next week to decide whether the group will delay the increase of oil production in January.

U.S indices were closed on Thursday to observe Thanksgiving Day.

On the U.S economic data front, no major economic data was released.

Gold is still losing ground on vaccine optimism while the U.S dollar continues to consolidate on improving risk sentiment.

Gold fell 8.95 dollars (-0.49%) to 1806.85 dollars.

The dollar index fell 0.02pt to 91.978.


U.S. Equity Snapshot


Tesla (TSLA): the US National Highway Traffic Safety Administration opened a probe into about 115,000 Tesla vehicles over front suspension safety issue. 


Source: TradingView, GAIN Capital

Walt Disney (DIS), the entertainment and media giant, plans to layoff 32,000 employees by March, most of them in theme-parks, or about 4,000 more than job cuts amount announced in September.

Cisco Systems (CSCO), a leading global supplier of network hardware and software, was upgraded to "hold" from "sell" at Independent Research.

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