Wall Street: Positive start to the week in perspective


(CercleFinance.com) – The New York Stock Exchange should have a positive start to a first week of October rich in statistics, which could help to see more clearly on the health of the American economy and therefore confirm or not the Fed in its position. ‘falcon’.

Futures contracts on the S&P500 (+0.8%) and the Nasdaq-100 (+0.5%) are thus up sharply, suggesting a recovery in the main equity indices after their fall on Friday (-1 .7% for the Dow Jones, -1.5% for the Nasdaq Composite).

Shortly after the bell, traders will take notice of the PMI and ISM indices for the US manufacturing sector for September, with the same indices for the services sector due in two days.

Investors’ attention should also focus on the results, still for the past month, of the ADP cabinet survey on private employment on Wednesday, then especially on the official report of the Department of Labor on Friday.

‘Significantly weaker US data seems to be the only thing that could change the FOMC’s position,’ Capital Economics said last Friday, adding, however, that it expected ‘relatively strong’ data.

In the news of the values, Tesla announced to have produced 365,000 vehicles in the third quarter, proceeding at the same time to 343,000 deliveries, numbers in strong progression compared to those of the second (258,000 and 254,000 respectively).

Johnson & Johnson has reported encouraging results from a Phase 1/2 study evaluating experimental gene therapy in patients with inherited retinal disease XLRP, a rare condition that causes progressive vision loss.

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