US Futures up
This is the level it gaped to yesterday morning. Look for something similar today. Possibly 300+ on the open. Hard to tell as these gets pushed around very easily of little volume
Futures Rise Ahead Of Fed; Europe Jumps On Italy Budget Deal
S&P futures rose after yesterday's volatile session ahead of today's Fed decision, and European stocks jumped after Italy struck a crucial budget deal with the EU following a downbeat Asian session as oil tried to rebound after a furious three-day selloff that rattled global markets and sent investors scrambling into the safety of government bonds (in record numbers according to BofA).
The Stoxx Europe 600 Index gained 0.5% rising to session highs after four days of declines, with banking and healthcare stocks contributing the most to the gains, after the European Commission decided against launching a disciplinary procedure against Italy over its budget, while carmakers climbing on hopes of a breakthrough on trade.
Rome and Brussels ended their long-running feud over Italy’s 2019 budget, striking a deal on spending plans that had shocked investors and stoked tensions between the country’s populist government and the rest of the EU. Valdis Dombrovskis, the EU commission vice-president responsible for the euro, said the agreement that had been reached would lead to a budget deficit next year of precisely 2.04% of GDP and not a penny less or more compared with 2.4 per cent in Rome’s original plans.
Europe's rebound followed a weak Asian session which saw equities mostly lower after a disappointing market debut for SoftBank Group’s Japanese telecom business and amid cautious trade ahead of the FOMC rate decision, and after the attempted rebound on Wall St. where the S&P closed little above its 2018 low. Australia's ASX 200 (-0.2%) was pressured by oil names following the mass decline in the complex, while Nikkei 225 (-0.7%) initially traded with no firm direction amid a choppy JPY before digging deeper into losses and giving up the 21,000 handle. Sentiment across the region was also reflected by the 10% plunge in Softbank’s mobile business in its USD 24bln market debut. Elsewhere, Hang Seng (+0.2%) and Shanghai Comp. (-0.5%) were mixed as the former was supported by financial names with the four large banks in positive territory. Meanwhile, mainland gains in real estates and utilities were offset by the decline in the energy and healthcare sectors. Finally, JGB futures posted the biggest intraday gain since 2016 on growing concerns over the global economy health, at one point triggering an emergency margin call for JGB futures after the 10Y note future spiked as it triggered stop losses.
Futures on the S&P 500 Index erased losses made in late trading on Tuesday after earnings from FedEx cast doubt on the strength of global trade, and were trading 25 points higher from session - and 2018 - lows of 2,530.95. FedEx, considered a bellwether for the world economy, slashed its 2019 forecasts, noting “ongoing deceleration” in global growth and sending S&P futures sharply lower early in the session only for market to quickly BTFD.
rest
https://www.zerohedge.com/news/2018-12-19/futures-rise-ahead-fed-europe-jumps-italy-budget-deal
UK and US Oil have stopped the slide and have support as mentioned last night. Should consolidate at this level. , at least today as the FOMC announcement is forthcoming.
Steady on lads.
>>>>4373497 lb
This bitch gone is a good start. Burn in hell.
Second in command at JPM. Largely responsible for the Credit Default swap market.
She needs a firing squad imo
Back up again.
following on from yesterday's 'trade'. Still have 25% of the short as 75% was banked at the point before the spray cans came out, painted tape into close. If it gaps up over +300 on open and keeps going 'up' then I would consider covering it. The ent initiated at around +250 yesterday and 75% was banked it is 'house money' so to speak. Willing to let the 25% ride to gauge a direction.
enjoy your new location!