Friday, November 22, 2019
TODAY’S GAME PLAN:
DATA/HEADLINES: 9:45ET Mfg PMI Flash; 10:00ET Consumer Sentiment
UK PMI’s showed the economy’s performance was the worst since July 2016 with manufacturing and services PMI both coming in below 50. Germany reported better-than-expected manufacturing numbers, but purchasing managers data for the euro area pointed to continued stagnation. The euro-area composite PMI fell to 50.3 in November, missing all economist estimates.
U.S. stock futures advanced alongside European shares as trade talks remain the focus. Chinese President Xi Jinping said his nation wants to work toward a phase one trade agreement with the U.S. on the “basis of mutual respect and equality.“
EQUITIES: pre market movers at bottom of this page
E-Mini S&P 500 is up 0.15%, NQZ +0.22%, RTY +0.30% and Dow futures +0.05%. SPX has 3108 area as hourly pivot and initial key to start today.
Russell 2000 futures remain short term positive above the broken trend line.
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