US Futures rising - Watch ORCL, PTON

,

The S&P 500 Futures are posting a tentative rebound after they closed lower yesterday

Trading floor 2

The S&P 500 Futures are posting a tentative rebound after they closed lower yesterday and wiped out most of the gains in the prior session.

Later today, the U.S. Labor Department will release August CPI (+1.2% on year expected).

European indices are mixed. The German Federal Statistical Office has posted final readings of August CPI at 0.0% on year, as expected. The U.K. Office for National Statistics has reported July GDP at +6.6% (vs +6.7% on month expected), industrial production at +5.2% (vs +4.1% on month expected) and trade balance at 1.1 billion pounds surplus (vs 3.0 billion pounds surplus expected).

Asian indices closed in the green except the Australian ASX.

WTI Crude Oil futures remain on the downside. The U.S. Energy Information Administration (EIA) reported that crude oil inventories rose 2.03 million barrels in the week ending September 4 (-1.96 million barrels expected) to 500.4 million barrels. U.S. crude oil inventories are about 14% above the five year average for this time of year. Besides, the U.S. crude oil production bounced 0.3 million barrels per day to 10.0 million barrels per day.

Gold declined 0.26$ (-0.01%) to 1945.84 but stands above 1900.

GBP/USD fell 25pips to 1.2780 as the European Commission called on the British government to withdraw its plan to overwrite parts of the Northern Ireland protocol by the end of the month.


U.S. Equity Snapshot



Oracle (ORCL), an information technology and software company, released first quarter adjusted EPS of 0.93 dollar, beating the estimate, up from 0.81 dollar last year on adjusted revenue of 9.4 billion dollars, above the forecast, up from 9.2 billion dollars a year earlier.


Source: GAIN Capital, TradingView

Peloton (PTON), the interactive fitness platform, disclosed fourth quarter EPS of 0.27 dollar, exceeding the consensus, up from an LPS of 1.88 dollar a year ago on revenue of 607.1 million dollars, better than expected, up from 223.3 million dollars last year.

More from Equities

Disclaimer

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.

Important Notice:

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.