S&P 500 & US Indexes Fundamental Analysis – December 1, 2015 – Forecast

Analysis and Recommendation:

The S&P 500 looks set to open the day at 2090.11 gaining in overnight trade as the new month is ready to begin. Traders have already factored a rate increase into the markets and are preparing for a strong jobs report.  On Monday morning (US) the Dow Jones Industrial Average futures were 3 points lower, or 0.01% to 17798. S&P 500 futures were higher by less than 1 point, or 0.04% to 2089, while Nasdaq 100 futures were up by 4 points, or 0.07% to 4686.

Global stocks were little changed Monday ahead of a much-anticipated European Central Bank meeting later in the week, with hopes for more stimulus in the eurozone canceling out weakness in the mining sector. The Stoxx Europe 600 was up 0.2% midmorning, drifting higher after early losses.

U.S. stock futures indicated a steady start for the Dow Industrials after marginal losses in Friday’s shortened session. Changes in futures aren’t necessarily reflected in market moves after the opening bell.

Standard & Poor’s 500 E-mini futures expiring in December slipped 0.1 percent paring an earlier decline of as much as 0.4 percent as European equities erased losses. The U.S. benchmark gauge is heading for a second monthly gain, up 0.5 percent. Dow Jones Industrial Average contracts dropped 7 points today.

The lull in the stock market is continuing after light trading amid the Thanksgiving holiday left American shares little changed every single day last week. Investors are awaiting reports from pending home sales today to manufacturing data tomorrow and the monthly Labor Department jobs update on Friday. Federal Reserve Chair Janet Yellen will speak to Congress on Thursday and the European Central Bank will hold its last policy meeting of the year.

FxEmpire provides in-depth analysis for each asset we review. Fundamental analysis is provided in three components. We provide a detailed monthly analysis and forecast at the beginning of each month. Then we provide more up to the data analysis and information in our weekly reports, which covers the current week and are published by Sunday before the new week begins. Daily we share any new events, forecasts or analysis that affect the current day. To achieve a full accurate understanding it is important that you study all of our data and analysis as a whole. Please click on the links to find the most recent reports for this asset.

Today’s economic releases:

 

Upcoming Economic Events that you should be monitoring:

Tuesday, December 1, 2015

Government Bond Auctions

Date Time Country

Dec 02 11:30 UK Gbp 3.75bn 1.5% Jan 2021 Gilt

Dec 02 16:30 Sweden Announces details of Bond on 11 Dec

Dec 03 10:30 Spain 1.15% Jul 2020 Bono

Dec 03 10:50 France

Dec 03 11:03 Sweden Sek 0.7bn 1%

Dec 07 13:00 Norway Details bond auction on 09 Dec

Dec 07 17:30 Italy Announces details of BTP/CCTeu on 11 Dec

Dec 08 11:30 UK 3.5% 2045 Gilt auction

Dec 08 19:00 US Holds 3-year note auction

Dec 09 11:03 Sweden Holds bond auction

Dec 09 11:05 Norway Holds bond auction

Dec 09 11:30 Germany Eur 3bn Dec 2017 Schatz

Dec 09 19:00 US Holds 10-year note auction

Dec 10 19:00 US Holds 30-year bond auction

Dec 11 11:10 Italy Auctions BTPs/CCTeus