|

S&P 500 Futures keep mild gains above 3,300 as news from US, Brussels fan market optimism

  • S&P 500 Futures print four-day winning streak, surge the most in three weeks the previous day.
  • Brexit hopes, expectations of US stimulus keep trading sentiment positive.
  • Light calendar restricts major moves ahead of EU-UK talks in Brussels, US Presidential Election debate also be the key.

S&P 500 Futures rises to 3,357.40, up 0.33% intraday, amid the initial hour of Tokyo open on Tuesday. In doing so, the risk barometer stays positive after Monday’s upbeat performance amid risk-positive headlines from America and the European Union (EU). Also favoring the market sentiment could be hopes of the coronavirus (COVID-19) vaccine.

With the US Democrats’ readiness to alter previous proposals, the deadlock over the much-awaited stimulus talks seems to break anytime. US House Speaker Nancy Pelosi recently said, "We have been able to make critical additions and reduce the cost of the bill by shortening the time covered for now." On the other hand, US Treasury Secretary Steve Mnuchin is also pushing harder to not fall for any longer brakes on the aid package.

In addition to the American Congress, the European Central Bank (ECB) is also signaling further stimulus. In her latest speech, the ECB President Christine Lagarde showed preparedness “ready to adjust all of its instruments, as appropriate” to combat the COVID-19 resurgence that threatens an economic recovery from lockdowns.

On the other hand, The Times came out with the news suggesting that the EU policymakers are ready to put their guns down and rewrite the legal agreement ahead of today’s ninth round of Brexit talks in Brussels.

It should also be noted that stocks in Australia remain firm whereas Japan’s Nikkei bears the burden of downbeat inflation data. Elsewhere, the US 10-year Treasury yields also remain mostly sideways around 0.65%.

Moving on, market players will keep eyes on a slew of Fed policymakers’ speeches up for crossing wires during the North American Session. Though, the first round of debate for the Presidential Election 2020 gains all the market attention.

Author

Anil Panchal

Anil Panchal

FXStreet

Anil Panchal has nearly 15 years of experience in tracking financial markets. With a keen interest in macroeconomics, Anil aptly tracks global news/updates and stays well-informed about the global financial moves and their implications.

More from Anil Panchal
Share:

Markets move fast. We move first.

Orange Juice Newsletter brings you expert driven insights - not headlines. Every day on your inbox.

By subscribing you agree to our Terms and conditions.

Editor's Picks

EUR/USD recovers to 1.1750 region as 2025 draws to a close

Following the bearish action seen in the European session on Wednesday, EUR/USD regains its traction and recovery to the 1.1750 region. Nevertheless, the pair's volatility remains low as trading conditions thin out on the last day of the year.

GBP/USD stays weak near 1.3450 on modest USD recovery

GBP/USD remains under modest beairsh pressure and fluctuates at around 1.3450 on Wednesday. The US Dollar finds fresh demand due to the end-of-the-year position adjustments, weighing on the pair amid the pre-New Year trading lull. 

Gold retreats to $4,300 area, looks to post monthly gains

Gold stays on the back foot on the last day of 2025 and trades near $4,300, possibly pressured by profit-taking and position adjustments. Nevertheless, XAU/USD remains on track to post gains for December and extend its winning streak into a fifth consecutive month.

Bitcoin, Ethereum and XRP prepare for a potential New Year rebound

Bitcoin, Ethereum, and Ripple are holding steady on Wednesday after recording minor gains on the previous day. Technically, Bitcoin could extend gains within a triangle pattern while Ethereum and Ripple face critical overhead resistance. 

Economic outlook 2026-2027 in advanced countries: Solidity test

After a year marked by global economic resilience and ending on a note of optimism, 2026 looks promising and could be a year of solid economic performance. In our baseline scenario, we expect most of the supportive factors at work in 2025 to continue to play a role in 2026.

Crypto market outlook for 2026

Year 2025 was volatile, as crypto often is.  Among positive catalysts were favourable regulatory changes in the U.S., rise of Digital Asset Treasuries (DAT), adoption of AI and tokenization of Real-World-Assets (RWA).