XS
SM
MD
LG
XL dev

Morning Futures Briefing
with Stephanie Lewicky

Stimulus Talks Go Nowhere; Europe’s Struggle Continues

The chance of getting a stimulus package before the November 3 election seems remote. House Speaker Nancy Pelosi said progress on a stimulus deal was “just about there” and said that the House still has time to vote on a stimulus bill before the election, but it depends on the administration making further compromises. She acknowledged that the Senate may not have time to act. “If we can get agreement, I think we can,” she said of bringing a bill to the House floor next week. “I can’t answer for the disarray on the Senate side.” White House economic adviser Larry Kudlow cautioned “significant policy differences” remained, which were unlikely to be resolved before the election.

Economic data revealed a continued struggle against the pandemic fall out in Europe. The flash eurozone composite purchasing managers index fell to 49.4 in October from 50.4 in September, falling just below the 50 mark that indicates deteriorating conditions. Several European countries have imposed restrictions and curfews on populations to curb the virus’ spread. On Thursday, French officials expanded a 9 p.m. to 6 p.m. local curfew across 38 regions. In an interview with Europe 1 radio on Friday, French Economy Minister Bruno Le Maire warned that the economy would contract in the fourth quarter. France, Germany and Spain have all posted record high daily rates for new COVID-19 infections this week, while hospitalizations have also increased, although they remain well below the spring peak.

/ES Overnight Chart
/ES 5 DAY 15 MINUTE CHART. Chart source: The thinkorswim® platform from TD AmeritradeFor illustrative purposes only. Past performance does not guarantee future results.

Global Economic Calendar

*All times are in EST (GMT -5:00)

1:00 AM  - SG CPI
2:00 AM  - UK Retail Sales
3:15 AM  - FR PMI Composite Flash
3:30 AM  - DE PMI Composite Flash
4:00 AM  - EZ PMI Composite Flash
4:00 AM - EZ German Ifo Business Climate
4:30 AM  - UK PMI Composite Flash
9:45 AM  - US PMI Composite Flash
1:00 PM  - US Baker Hughes Rig Count

Knowledge: One of your most valuable assets

Call Us
800-454-9272

Content intended for educational/informational purposes only. Not investment advice, or a recommendation of any security, strategy, or account type.

Be sure to understand all risks involved with each strategy, including commission costs, before attempting to place any trade. Clients must consider all relevant risk factors, including their own personal financial situations, before trading.

Futures and futures options trading involves substantial risk, and is not suitable for all investors. Please read the Risk Disclosure for Futures and Options prior to trading futures products. 

Futures accounts are not protected by the Securities Investor Protection Corporation (SIPC).

Futures and futures options trading services provided by TD Ameritrade Futures & Forex LLC. Trading privileges subject to review and approval. Not all clients will qualify.

adChoicesAdChoices

Market volatility, volume, and system availability may delay account access and trade executions.

Past performance of a security or strategy does not guarantee future results or success.

Options are not suitable for all investors as the special risks inherent to options trading may expose investors to potentially rapid and substantial losses. Options trading subject to TD Ameritrade review and approval. Please read Characteristics and Risks of Standardized Options before investing in options.

Supporting documentation for any claims, comparisons, statistics, or other technical data will be supplied upon request.

This is not an offer or solicitation in any jurisdiction where we are not authorized to do business or where such offer or solicitation would be contrary to the local laws and regulations of that jurisdiction, including, but not limited to persons residing in Australia, Canada, Hong Kong, Japan, Saudi Arabia, Singapore, UK, and the countries of the European Union.

TD Ameritrade, Inc., member FINRA/SIPC, and a subsidiary of TD Ameritrade Holding Corporation. TD Ameritrade Holding Corporation is a wholly owned subsidiary of the Charles Schwab Corporation. TD Ameritrade is a trademark jointly owned by TD Ameritrade IP Company, Inc. and The Toronto-Dominion Bank. © 2020 Charles Schwab & Co., Inc. Member SIPC.

Scroll to Top