S&P 500: Futures with modest gains in calm start to strong week

• A week loaded with decisions from the Fed, ECB and BoE begins.
• Equity market is mixed, Wall Street futures up slightly.
• The dollar is falling particularly against European currencies.

The markets start a week calm that will have key data and events. Wall Street futures rose modestly while the main European markets trade in the red. Commodities fall, as do Treasury yields. Key data and central bank meetings are coming.

Quiet start to a strong week

In Asia the markets closed in red, with the Hang Seng losing 2.20%. In Europe, the FTSE 100 falls 0.18% and the DAX 0.20%. The S&P 500 lost more than 2.5% last week and into the current week, futures are up 0.25%. In the preview, the Dow Jones climbs 0.12% and the Nasdaq 0.29%.

Among the companies due to report results on Monday are Oracle and Uranium Energy Corp.

In the United Kingdom it was learned that the economy grew in October at a rate of 0.5%, above the 0.4% expected and after a contraction of 0.6% in September. The decision of the bank of england, which is expected to rise from 3% to 3.5%. GBP/USD trades around

Thursday will also be the turn of the decision of the European Central Bank (ECB), will also announce its decision, which is expected to be a 50 basis point increase in benchmark interest rates.

In the US, the fiscal result for November will be released on Monday. The focus is on the November Consumer Price Index reading due on Tuesday, the day the FOMC meeting begins. The Fed’s decision on Wednesday is expected to materialize the expectation of a softening in the pace of interest rate hikes.

ANDl US Treasury will place debt Monday to six months, three and ten years, in total for almost 120,000 million dollars. In the previous one, the yields of the bonds fall modestly. The 10-year tranche yields 3.52%, and two years, 4.32%.

The dollar is mixed on Monday with the DXY shedding 0.12%, looking at the December bottom. EUR/USD rises and is at daily highs above 1.0565 after bouncing off 1.0500. USD/JPY rises but fails to recover 137.00. Most of the currency crosses do not register significant variations with respect to Friday’s close.

Despite the drop in yields and the rise in the stock markets, the Prayed trades almost neutral around $1.792, the same as the silver in the area of ​​$23.40. Cryptocurrencies are in the red on Monday, with Bitcoin back below $17,000, and Ethereum in the $1,250 area. The prices of Petroleum They’re falling. The WTI barrel yields 0.80% and operates at $70.40, in the area of ​​minimums in a year.

technical levels