U.S Futures mixed - Watch JNJ, JPM, DIS, BLK, TSLA


The S&P 500 Futures are little changed after they charged higher yesterday

Stocks (3)

The S&P 500 Futures are little changed after they charged higher yesterday, led by technology shares.

Later today, the U.S. Labor Department will release September CPI (+1.4% on year expected).

European indices are under pressure. ZEW survey results of October were released for Germany (current situation at -59.5 vs -60.0, expectations at 56.1 vs 72.0 expected). The German Federal Statistical Office has posted final readings of September CPI at -0.2% on year, as expected. The U.K. Office for National Statistics has reported jobless rate for the three months to August at 4.5% (vs 4.3% expected).

Asian indices closed on the upside except the Chinese CSI. Chinese September Balance of Trades was released at 37 billion dollars surplus, below 60 billion dollars expected.

WTI Crude Oil futures are rebounding. Sharara, the biggest oil field in Libya, will resume its oil production, according to the National oil Corp., Libya's state energy company.

Gold lost some ground as dollar bounced back on moves from Beijing to curb the yuan's recent rise.

Gold fell 1.81 dollar (-0.09%) to 1920.96 dollars.

The dollar index gained 0.11pt to 93.176.

U.S. Equity Snapshot

Johnson & Johnson (JNJ), the health care products company, has "temporarily paused further dosing in all its COVID-19 vaccine candidate clinical trials, including the Phase 3 ENSEMBLE trial, due to an unexplained illness in a study participant." Separately, the company reported third quarter earnings that beat estimates and raised its full-year sales and adjusted EPS guidance.

Source: TradingView, GAIN Capital

JPMorgan (JPM), the banking group, unveiled third quarter sales down 0.4% to 29.94 billion dollars, above estimates. Provision for credit losses decreased 60% to 611 million dollars, beating expectations. EPS was up to 2.92 dollars from 2.68 dollars a year earlier. 

Walt Disney (DIS) soared after hours after announcing "a strategic reorganization of its media and entertainment businesses. Under the new structure, Disney’s creative engines will focus on developing and producing original content for the Company’s streaming services, as well as for legacy platforms, while distribution and commercialization activities will be centralized into a single, global Media and Entertainment Distribution organization."

Blackrock (BLK), an investment management firm, posted third quarter adjusted EPS up to 9.22 dollars from 7.15 dollars a year ago, on sales up to 4.37 billion dollars from 3.69 billion dollars a year earlier. Both figures beat estimates.  

Tesla (TSLA), the electric-vehicle maker, cut 2 Model S cars prices in China by 23,000 yuan each. 

Exxon Mobil (XOM), an oil and gas company, was upgraded to "neutral" from "sell" at Goldman Sachs. 

Beyond Meat (BYND), a producer of plant-based meat substitutes, was downgraded to "underperform" from "market perform" at Bernstein.

More from Equities


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.