US equity futures point to softer open in post-Easter trading

S&P 500 futures are down by 0.2%


North American markets will be back in action today but early signs point to a softer open in the US cash equity market later. E-minis are down by about 0.2% with risk sentiment not really helped by Chinese equities, which fell heavily in Asian trading today.

The Shanghai Composite ended the day lower by 1.7% amid a warning by China’s Politburo on real estate speculation. The major real estate index in the country fell by over 5% in trading today, proving to be the major drag in sentiment.

Looking ahead to US trading today (and for the rest of the week), expect the focus to rest on key earnings report releases. Greg has the list of what to look forward to over the next few days here and that includes the likes of Boeing, Caterpillar, Facebook, Microsoft, and Amazon among the big hitters.

Articles You May Like

Malaysia: Economy beats expectations with 4.9% 2Q GDP growth – ING
AUD/USD hold on to gains with all eyes on the key Australia/China statistics
Oil Price Technical Analysis: WTI to 55 – Can Sellers Take Control?
EUR/USD technical analysis: Euro is ending the week in the red against the Greenback, sub-1.1100 level
USD/CAD technical analysis: Buyers await falling wedge breakout on H1 to defy recent pullback

Leave a Reply

Your email address will not be published. Required fields are marked *