Index Futures Net Changes and Settlements:
Foreign Markets, Fair Value and Volume:
- In Asia 7 out of 11 markets closed higher: Shanghai Comp -1.33%, Hang Seng +0.42%, Nikkei +0.35%
- In Europe 10 out of 13 markets are trading lower: CAC -0.30%, DAX -0.67%, FTSE -0.25%
- Fair Value: S&P +0.96, NASDAQ +9.89, Dow -2.23
- Total Volume: 1.26mil ESU & 296 SPU traded in the pit
Today’s Economic Calendar:
Today’s economic calendar includes Consumer Sentiment 10:00 AM ET, E-Commerce Retail Sales 10:00 AM ET, Leading Indicators 10:00 AM ET, and the Baker-Hughes Rig Count 1:00 PM ET.
S&P 500 Futures: S&P Jumps After Chinese Vice Minister Agrees To Meet With US Treasury Department To Discuss Trade Issues On Aug. 22
After falling on Wednesdays, close the S&P 500 futures jumped higher on Globex when a headline hit the tape saying China had agreed to meet in the US on August 22 to discuss trade / tariff issues. After making a high at 2837.25 on Globex, the ES traded 2835.00 on the 8:30 CT open. From there, the futures traded up to 2839.00, pulled back four handles down to 2835.00 a few minutes after the open, then shot up to 2851.75, up +36.50 handles on the day, at 11:24.
The afternoon saw a sideways to lower trade, and MOC orders began to stack to the sell side as the ES reached an afternoon low of 2838.50 just before printing 2842.50 on the 3:00 cash close. The 3:15 settlement was 2845.25, leaving the ES up +24.00 handles or +0.85%.
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