Last week marked the consolidation for the most active assets of March 1-15 (which is oil and gold). But next week has a lot to show, be ready to take part!
US stock index futures rose on Tuesday
2020-09-09 • Updated
Ichimoku Kinko Hyo
AUD/JPY: The AUD/JPY pair is trading slightly above the cloud. An upward wave would trigger the market higher, signaling the strength of the bulls.
US Market View
U.S. stock index futures rose on Tuesday, as Apple climbed and upbeat manufacturing sector surveys in China and Europe set the tone for the United States factory activity data, due later today.
China’s factory activity expanded at the fastest clip in nearly a decade in August and eurozone output also stayed strong last month, buoying global stocks.
ISM survey data at 10 a.m. ET (1400 GMT) is likely to show U.S. manufacturing activity expanded slightly last month after hitting a 1-1/2 year high in July.
Investors will keep a close watch on the monthly U.S. jobs report due on Friday.
Wall Street’s main indexes recorded their fifth straight monthly gain on Monday following massive central bank support, U.S. government aid and demand for tech-focused stocks.
The Nasdaq and S&P 500 have set consecutive new all-time highs recently, but the blue-chip Dow is still about 4% below its February high.
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