Moscow, September 5 — “Conduct. Economy.” U.S. stock futures are rising by 0.9% during trading on Thursday. On Wednesday, the key indexes rose 0,9%-1,3%. Important support on the S&P 500 — 2820 points. The index can break through resistance today at around 2940, that will shift the reference point to 3000. [PICTURE] [/PICTURE] Positive factors
The US and China. The China’s Ministry of Commerce on the morning of 5 September reported that the talks with the US resume. “The parties agreed to hold the thirteenth round of Sino-us economic and trade high-level talks in Washington in early October, after serious consultation in mid-September”, — stated in a press release. The markets have reacted positively to this message after previously, the parties exchanged hard steps for the introduction of new duties on goods to each other at billions of dollars.
The head of the new York fed John Williams said yesterday that with the uncertainty of the forecasts for achieving the dual mandate of the fed the necessary vigilance and flexibility. A day earlier, another member of the FOMC said the fed should cut interest rates by 0.5% at its meeting in September to surpass the expectations of the financial market in terms of drop rates. More “dovish” attitude of officials is positively perceived by the stock market.
The slowdown of the economy. The statistics on industrial orders in Germany have indicated their decrease in July by 2.7%, consensus of -1.5%. Today before the opening will be important data on employment in private sector by ADP in August, the primary applications for unemployment benefits. After opening also will be a report on business activity in the US service sector from the ISM.
In premarket trading, Apple shares rise in price (+1.3 per cent), Facebook (+1%). Substantial losses at 30% suffered paper pharmaceutical Mallinckrodt after Bloomberg’s report that the company is considering filing for bankruptcy amid lawsuits in connection with opioid scandal.
Chart of the futures on the S&P 500-mini, timeframe day [PICTURE] [/PICTURE] albert koroi, an expert on the stock market “BCS”
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