S&P Futures Opening Update as on 16 August 2018

US PRE MARKET

The S&P 500 Futures is trading at 2,833.50 up with +0.43% percent or +12.25 point. Other U.S. stock futures  higher in pre-market trading for Thursday, August 16.The Dow Futures is trading at 25,330.00 up with +0.57% percent or +143.00 point. The Nasdaq Futures is trading at 7,420.75 up with +0.63% percent or +46.75 point.

THURSDAY’S FACTORS AND EVENTS

The U.S. Treasury is set to announce the size of two individual bills, and one Treasury Inflation-Protected Securities (TIPS), all of which are scheduled to be auctioned next week.

Markets overseas were pointing in different directions Thursday after Beijing announced that it had accepted an invitation from Washington to partake in trade negotiations later this month, according to Reuters.

The Turkish lira will also be in focus after it tumbled in recent days. Pressure has ramped up as market-watchers became jittery over the Turkish President Recep Erdogan’s control of the economy and Donald Trump’s announcement last week that he supported doubling metal tariffs on Ankara.

WEDNESDAY’S ACTIVITY

For the day the Dow is trading at 25,162.41  with a loss of -0.54% percent or -137.51 point. The S&P 500 is trading at 2,818.37  with a loss of – 0.76% percent or -21.59 point. The Nasdaq Composite is trading at 7,774.12 with a loss of -1.23% percent or  -96.78 point.

In other parts of world, Japan’s Nikkei 225 is trading at 22,192.04 with a loss of -0.055% percent or -12.18 point. Hong Kong’s Hang Seng is trading at 27,046.68 with a loss of -1.01% percent or -276.91 point. China’s Shanghai Composite is trading at 2,705.19 with a loss of  -0.66% percent or  -18.07  point. India’s BSE Sensex is trading at 37,763.16  with a loss of -0.23% percent or -88.84 point at 12:15 PM.

WORLD MARKETS

In overnight trading in the Eastern Hemisphere, Japan’s Nikkei 225 is trading at 22,192.04 with a loss of -0.055% percent or -12.18 point. Hong Kong’s Hang Seng is trading at 27,046.68 with a loss of -1.01% percent or -276.91 point. China’s Shanghai Composite is trading at 2,705.19 with a loss of  -0.66% percent or  -18.07  point. India’s BSE Sensex is trading at 37,763.16  with a loss of -0.23% percent or -88.84 point at 12:15 PM.The FTSE 100 is trading at 7,544.65 up with +0.62% percent or +46.78 point. Germany’s DAX is trading at 12,220.02  up with +0.47% percent or +57.01  point. France’s CAC 40 is trading at 5,336.70  up with +0.59% percent or +31.49 point. The Stoxx Europe 600 is trading at 381.15 up with +0.38% percent or +1.47 point.