The S&P 500 Futures are rebounding after they closed sharply lower yesterday as tech-led sell-off continued.
Later today, the U.S. Labor Department will report JOLTS job openings for July (6 million expected).
European indices are rebounding after they consolidated following announcement by AstraZeneca it halts clinical trials in Japan for Covid-19 vaccine for safety reasons.
Asian indices faced a drop this morning, following Wall Street sell-off.
WTI Crude Oil futures remain bearish after they plummeted 7.6% yesterday. Later today, American Petroleum Institute (API) would release the change of U.S. oil stockpile data for September 4.
Gold remains under pressure and declined 9.33$ (-0.48%) to 1922.7.
EUR/USD declined 13pips to 1.1765, the day's range was 1.1753 - 1.1787 compared to 1.1766 - 1.1827 the previous session ahead of the ECB meeting tomorrow.
U.S. Equity Snapshot
Lululemon Athletica's (LULU) shares are under pressure in premarket trading after the designer of athletic accessories and apparel said it expects adjusted profit in its current third fiscal quarter to fall as much as 20% because of higher marketing costs. The company reported second quarter adjusted EPS of 0.74 dollar, beating the estimate, down from 0.96 dollar a year ago.
Source: GAIN Capital, TradingView
Slack Technologies (WORK) shares are heavily down in premarket trading after the collaboration hub announced second quarter LPS of 0.13 dollar, below the forecast, up from an LPS of 0.98 dollar last year on revenue of 215.9 million dollars up from 145.0 million dollars a year earlier.
Northrop Grumman (NOC), an aerospace and defense technology company, announced that it has secured a 13.3 billion dollars contract from the U.S. Air Force for the modernization of the nation's intercontinental ballistic missile (ICBM) system.
This report is intended for general circulation only. It should not be construed as a recommendation, or an offer (or solicitation of an offer) to buy or sell any financial products. The information provided does not take into account your specific investment objectives, financial situation or particular needs. Before you act on any recommendation that may be contained in this report, independent advice ought to be sought from a financial adviser regarding the suitability of the investment product, taking into account your specific investment objectives, financial situation or particular needs.
GAIN Capital Singapore Pte. Ltd., may distribute reports produced by its respective foreign entities or affiliates within the GAIN Capital group of companies or third parties pursuant to an arrangement under Regulation 32C of the Financial Advisers Regulations. Where the report is distributed to a person in Singapore who is not an accredited investor, expert investor or an institutional investor (as defined in the Securities Futures Act), GAIN Capital Singapore Pte. Ltd. accepts legal responsibility to such persons for the contents of the report only to the extent required by law. Singapore recipients should contact GAIN Capital Singapore Pte. Ltd. at 6826 9988 for matters arising from, or in connection with the report.
In the case of all other recipients of this report, to the extent permitted by applicable laws and regulations neither GAIN Capital Singapore Pte. Ltd. nor its associated companies will be responsible or liable for any loss or damage incurred arising out of, or in connection with, any use of the information contained in this report and all such liability is hereby expressly disclaimed. No representation or warranty is made, express or implied, that the content of this report is complete or accurate.
GAIN Capital Singapore Pte. Ltd. is not under any obligation to update this report.
Trading CFDs and FX on margin carries a high level of risk that may not be suitable for some investors. Consider your investment objectives, level of experience, financial resources, risk appetite and other relevant circumstances carefully. The possibility exists that you could lose some or all of your investments, including your initial deposits. If in doubt, please seek independent expert advice. Visit cityindex.com.sg for the complete Risk Disclosure Statement.
Cryptocurrencies are not legal tender currency and trading of derivatives on Cryptocurrencies are currently not covered under any regulatory regime in Singapore. Consequently, investors should be aware they do not have protection under the Securities and Futures Act (Cap. 289). Please ensure that you are fully aware of the risks.