December 4, 2022

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US stock futures point to a rebound at the open

1 min read

US stock set to gain

The close on Friday was ugly with US stocks falling sharply at the end of the day to close at the weekly low. That’s generally a bad sign and it spilled into a nasty drop in Japanese stocks to start the week.

However there’s been a rethink otherwise and S&P 500 futures are now up 20 points after Friday’s 55 point decline. It’s a similar story in FX where the commodity currencies are bouncing nicely after last week’s rout.

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