US PRE MARKET
The S&P 500 Futures are trading at 2,468.00 for up with +4.25 percent or +0.17% point. Other U.S. stock futures are higher in pre-market trading for Wednesday, August 16. The Dow Futures are trading at 22,021.50 for up with +0.20% percent or +44.50 point. The Nasdaq Futures are trading at 5,924.75 for up with +0.22% percent or +13.62 point.
WEDNESDAY’S FACTORS AND EVENTS
The euro held near the day’s lows on Wednesday after sources signaled European Central Bank chief Mario Draghi would not use his Jackson Hole appearance to signal policy change by the bank.
The euro has gained 11.5 percent so far this year against the dollar and is the best performing currency in the G10 FX space with most of its gains coming in recent months on growing bets that the European Central Bank will start unwinding its massive policy stimulus.
But the latest news dashed some expectations that the ECB will use the keenly watched annual Jackson Hole conference to chart a course out of stimulus.
TUESDAY’S ACTIVITY
U.S. market were mixed on Tuesday. For the day The Dow Jones Industrial Average closed at 21,998.99 for up with +0.02% percent or +5.28 point.The S&P 500 closed at 2,464.61 with a loss of –0.05% percent or –1.23 point.The Nasdaq Composite closed at 6,333.01 with a loss of –0.11% percent or –7.22 point.
Other leading market index closes included the small-cap Russell 2000 Index closed at 1,383.24 with a loss of -0.79% percent or -11.07 point; the S&P 600 Small-Cap Index closed at 834.75 with a loss of –0.98% percent or –8.30 point; the S&P 400 Mid-Cap Index closed at 1,721.80 with a loss of –0.53% percent or –9.11 point; the S&P 100 Index closed at 1,091.76 with a loss of –0.03% percent or –0.29 point; the Russell 3000 Index closed at 1,454.46 with a loss of –0.13% percent or –1.88 point; the Russell 1000 Index closed at 1,363.91 with a loss of –0.08% percent or –1.03 point; and the Dow Jones U.S. Select Dividend Index closed at 21,998.99 for up with +0.02% percent or +5.28 point.
WORLD MARKETS
In overnight trading in the Eastern Hemisphere, Japan’s Nikkei 225 are trading at 19,729.28 with a loss of –0.12% percent or –24.03 point. Hong Kong’s Hang Seng are trading at 27,409.07 for up with +0.86% percent or +234.11 point. China’s Shanghai Composite are trading at 3,246.45 with a loss of –0.15% percent or –4.81 point. India’s S&P BSE Sensex are trading at 31,770.89 for up with +1.02% percent or +321.86 point at 12:15 PM. In Europe, the FTSE 100 are trading at 7,430.68 for up with +0.63% percent or +46.83 point. Germany’s DAX are trading at 12,282.28 for up with +0.86% percent or +105.24 point. France’s CAC 40 are trading at 5,194.78 for up with +1.06% percent or +54.54 point. The Stoxx Europe 600 are trading at 379.30 for up with +0.74% percent or +2.80 point.