Key Economic Releases & Central Bank Events
Key Economic Releases & Central Bank Events ⢠Richmond Fed President Thomas Barkin speaks at 9:00 AM, so watch for any hints on rate policy. The S&P final manufacturing PMI and ISM manufacturing index are also due this morning, which could stoke volatility if they surprise. The latest release of Federal Reserve money stock measures (H.6) is at 1:00 PM, and consumer credit data (G.19) drops at 3:00 PM.[marketwatch +1] ⢠Thereās no major scheduled data from BEA today (GDP and personal income have been rescheduled), so focus will be on real-time Fed commentary.[bea] Overnight Global Markets and Futures ⢠Asia finished strong: South Koreaās KOSPI +0.49%, KRX +0.86%. Asian sentiment was broadly risk-on.[bloomberg] ⢠Europe had a positive close: Euro Stoxx 50 +0.22%, IBEX 35 +0.47%, UK FTSE 100 +0.15%.[investing] ⢠U.S. index futures point higher: NASDAQ 100 up 0.40%, S&P 500 up 0.20%, Dow flat to slightly lower.[markets.businessinsider] ⢠Forex traders remain on a buy-the-dip bias, with gold holding above key levels; expect attention on U.S. GDP/inflation signals for direction.[nordfx] Pre-Market Moves on Key Stocks & Gaps ⢠Tesla (TSLA) is trading higher pre-market, last at $402.38 (+1.81%) after a low of $400.45 and a high of $402.50. Keep an eye on momentum as tech rebounds.[public] ⢠Notable S&P500 gaps on Friday included downside moves in Bristol-Myers, Netflix, and Morgan Stanley, but Tesla is showing relative strength this morning.[chartmill] News, Earnings, & Geopolitical Flow ⢠Market sentiment is cautious optimism: U.S. futures mixed as the Fed hints at a possible December rate cut, boosting risk appetite despite prior week losses.[nasdaq +1] ⢠No major earnings scheduled today but preliminary consumer sentiment readings (U Michigan: 51) signal softening consumer outlook. No headline geopolitical shockersāfocus is on central bank messaging.[nasdaq] Key Technical Levels and Indicators ⢠S&P 500 indicators are bullish: RSI (14) at 69.5 (overbought zone), MACD at 25.62 (strong buy), key resistance at 6461.72, support at 6450.95. Expect buying momentum but be cautious at overbought levels.[investing]