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📈 US futures recover ahead of earnings 💲

10:53 AM 13 October 2020

US futures recoup majority of overnight losses

US futures recovered a bulk of losses caused by a pessimistic vaccine news from Johnson & Johnson overnight. Investors are shifting their focus to Q3 earnings season. Two major US banks will report earnings today - Citigroup and JPMorgan - as well as world's largest asset manager - BlackRock. Results will be a major driver for Wall Street in the weeks to come as they will show the pace of post-pandemic recovery in the US corporate world. Key releases today:

  • Citigroup (C.US) - 1:00 pm BST

  • JPMorgan (JPM.US) - 12:00 pm BST

  • BlackRock (BLK.US) - 1:30 pm BST

US500 moved above the 61.8% retracement of the overnight decline. Earnings from big banks in focus. Source: xStation5

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