LIVE MARKETS-US futures edge up with focus on Fed speakers

Reuters10-07
LIVE MARKETS-US futures edge up with focus on Fed speakers

US futures point to slightly higher open

STOXX 600 up 0.1%

France's CAC 40 inches up ahead of crisis talks

Gold up, crude, bitcoin lower; 10-yr YS Treasury yield slips to 4.15%

Welcome to the home for real-time coverage of markets brought to you by Reuters reporters. You can share your thoughts with us at markets.research@thomsonreuters.com.

US FUTURES EDGE UP WITH FOCUS ON FED SPEAKERS

U.S. equity index futures were pointing towards a modestly higher open on Tuesday, a day after the S&P 500 .SPX notched its 32nd record close of the year, as investors await comments from a bevy of Federal Reserve officials for insight on the path of monetary policy.

On the docket for Tuesday include Bank of Atlanta President Raphael Bostic, Vice Chair for Supervision Michelle Bowman, Governor Stephen Miran and Minneapolis President Neel Kashkari.

With the government shutdown now in its seventh day, investors may put a greater emphasis on Fed commentary due to a dearth of economic data.

Late on Monday, Kansas City Federal Reserve Bank President Jeff Schmid signaled he is disinclined to cut interest rates further, arguing that as the Fed navigates between the twin risks of overly tight and overly easy policy, it should stay focused on the danger of too-high inflation.

Movers before the opening bell include Intercontinental Exchange ICE.N, which was up about 4% in premarket trade after the New York Stock Exchange parent said it would invest as much as $2 billion in prediction market Polymarket.

On the downside, chip testing firm Aehr Systems AEHR.O plummeted nearly 18% after reporting its quarterly results.

Below is your premarket snapshot:

(Chuck Mikolajczak)

*****

FOR TUESDAY'S OTHER LIVE MARKETS POSTS

NO NEWS IS GOOD NEWS FOR THE DOLLAR CLICK HERE

AS MARKETS RALLY, CITI FLAGS NASDAQ PROFIT-TAKING RISK CLICK HERE

FRENCH ASSETS TAKE A BREATHER, BUT UNCERTAINTY REIGNS CLICK HERE

STOXX SLIPS AS MINERS, HEALTHCARE WEIGH CLICK HERE

EUROPE BEFORE THE BELL: TEPID START IN STORE, TRADERS EYE ON FRANCE CLICK HERE

DEEPENING GLOOM IN PARIS CLICK HERE

Premarket levels Oct 7 https://fingfx.thomsonreuters.com/gfx/mkt/akpexkqyjvr/Pasted%20image%201759843084967.png

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment