The S&P 500 futures are trading up 0.39% at 7847.00, a notable rebound from the cash index's 0.47% decline to 7765.36 yesterday. This divergence suggests a more constructive sentiment building into the New York open, potentially shaking off some of the overnight weakness seen in Asian and European markets, which broadly posted gains of around 1% to 1.8%. The futures are currently trading above yesterday's New York close.
VS PREVIOUS SESSION
Notable rebound from yesterday's decline. Trading above yesterday's close.
EUR/USD is trading at 1.1201, down 0.13% on the day. This move represents a continuation of the overnight weakness, pushing the pair lower from its previous New York close. The intraday range has been relatively tight so far, but the bias is clearly to the downside.
Gold is trading at 4182.5, up 1.22% on the day. This move has pushed the yellow metal higher than its previous New York close, reversing some of the pressure seen earlier in the week. The overnight range has seen a clear upward bias, building on the momentum that has carried through from the European session.
VS PREVIOUS SESSION
Reversing earlier weekly pressure. Building on momentum.