U.S futures are trading slightly higher on Tuesday, as investors are focused towards the upcoming economic data mentioned below. The S&P 500 is only 11 points away from its record close of 1565.15 which was set in October 2007. The Dow Jones has also set a string of record closing high in past seven consecutive days.
European markets are also trading higher where the IBEX is leading the gain on the back of the successful debt auction and is up by almost 1.47%. Asian Markets closed mixed- the Nikkei was the leader with a gain of 1.15%.
Fair Value
S&P futures vs its fair value are trading higher with a gain of 3.50 and Nasdaq futures vs fair value are also trading higher with a gain of 10.50 at the time of writing this article.
Market Forces
12:30 GMT USD PPI m/m
12:30 GMT USD Unemployment Claims
14:30 GMT USD Natural Gas Storage
Stocks to watch
• Apple Upgraded to Buy from Neutral at BTIG
• Amazon was downgraded by JP Morgan
DISCLOSURE & DISCLAIMER: The Above Is For Informational Purposes Only And Not To Be Construed As Specific Trading Advice. Responsibility For Trade Decisions Is Solely With The Reader.
by Naeem Aslam