Like the European markets that are experiencing some slight dislocations this weekend, the S&P500 index is expected to open close to balance today. The US index ended up 0.27% to 3085 points yesterday, still driven by hopes for a Sino-American agreement and the lifting of some tariffs that the US and China have imposed on each other in recent months.
Some of D. Trump’s advisors are currently posting their concerns before signing an agreement, which could encourage operators to limit initiatives.
On the statistical side, the Michigan confidence index will be published at 4 p.m. (consensus 96) as well as wholesale trade stocks, which are expected to fall by 0.3%
Graphically, the dynamics remain clearly positive in hourly data above 3066 points. In the very short term, the exit direction of the 3066/3100 points could be defined for the future trend.