U.S. equity futures climbed after the White House appeared to shift tack and signaled the Trump administration is again leaning toward a large-scale stimulus bill. The dollar fell.
S&P 500 contracts were about 0.5% higher following news that Treasury Secretary Steven Mnuchin told Nancy Pelosi that President Donald Trump wants agreement on a comprehensive aid package. Shares in Japan dipped, while those in Australia rose. Chinese equities advanced as markets reopened after a week-long holiday. The offshore yuan climbed following a stronger-than-anticipated daily currency fixing.
The U.S. benchmark earlier closed up despite conflicting comments from Trump and Pelosi that whipsawed markets. Gains for crude oil eased as Hurricane Delta approached the already battered Louisiana coast. Treasuries ticked higher and gold climbed.
US After Hours HCA +7% and NXPI +5.6% jump on bullish guidance
Nikkei -0.36% Hang Seng +0.03% CSI +1.98% Shanghai +1.67% Shenzen +2.89%
Eur$ 1.1777 CNH 6.7024 CNY 6.7094 JPY 105.88 GBP 1.2952 CHF 0.9155 RUB 77.2081 WTI$ 41.10 -0.22%
S&P +0.44% Nasdaq +0.42% EuroStoxx +0.12% FTSE +0.10% Dax +0.11% SMI
Macro :
- Fund Flows Swing to Bonds as Stock Buying Slows, Citi Says
- Citadel Securities to Buy NYSE Market-Making Unit of Smaller Rival IMC
Spacs :
- Blank-Check Firm Backed by Disney Vets, Shaq Files for $250m IPO
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