S&P 500 (US500) and Nasdaq (US100) futures managed to recover from yesterday's losses and both indices are closing in on all-time highs in early European trading. Following a strong upward move during the Asian trading hours, both indices are trading less than 0.4% below their intraday all-time highs. European stock market futures are also posting solid gains. Powell's testimony in Congress and ISM manufacturing release for November (both at 3:00 pm GMT) are key events to watch today.
US100 closes in on an all-time high following a strong upward move triggered by solid data from Asia. Source: xStation5
Daily Summary: US Futures Retreat Amid Geopolitical Tensions and Inflationary Heat
S&P 500 futures retreat 1% amid hawkish Fed rhetoric and robust data
US Open: Indexes Stop on PPI, Banks in the Shadow of Data
MIDDAY WRAP: Mixed sentiment in Europe, declines on U.S. indices