It looks like Friday’s correction didn’t last for a day, and US equity futures are back where they started on Friday as news broke out about Trump’s condition.

According to his doctors, President Donald Trump could be discharged from the hospital in Walters Reed as soon as today, although his condition remains unclear, and outside experts warn that his case may be severe.

Later in the day, we will get the final EU PMIs for September, which showed another rapid deterioration in the services sector. Most of the countries released services PMIs below the 50.0 threshold in the preliminary report.

Moreover, the eurozone’s retail sales will be published and since those numbers are for the month of August, investors are expecting strong numbers. However, the autumn and winter months will most likely be much weaker, even negative. 

Meanwhile, gold dropped as sentiment improved, and the metal was seen back below the 1,900 USD threshold. Silver was trading with gains, and the WTI oil surged 2% to trade near 37.80 USD. 

Today’s trading could be in a positive mode unless there is some bad news regarding Trump’s condition.

Source: https://www.axiory.com/market-news/friday-s-dip-erased-as-optimistic-news-send-equities-higher

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Peter Bukov

Peter comes from a background in corporate finance which began in 2013 when he completed the Corporate Finance Program at the University of Economics in Bratislava. He’s been actively involved in the market sector since 2008 and got his hands-on experience in trading in 2011. His experience in finance and trading continues not only as a market analyst at Axiory Intelligence but also through his studies to obtain a degree in Capital Markets. The study is in line with MIFID II regulations and is under the supervision of the European Regulator ESMA, which strongly emphasizes ethics and morale in investing and working with a client.

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