Better Earnings Support SIF’s


Stock index futures in the US kicked off the week on a strong note as corporate earnings come in mostly better than expected.

candlestick charting

The October Dallas Federal Reserve manufacturing survey will be released at 9:30 central time. Last month the report came in at -18.1.

Gains are likely to be limited by the uncertainties of the situation in the Mideast.


The U.S. dollar is lower.

In recent weeks there has been only a limited flight-to-quality flow of funds into the greenback, which is a sign of longer-term weakness.

The German economy contracted 0.1% in the third quarter of 2023, marking a reversal from the upwardly revised 0.1% expansion reported in the preceding quarter and surpassing market predictions of a 0.3% contraction.

The economic sentiment indicator in the euro area edged lower to 93.3 in October 2023, which is a slight decrease from the revised 93.4 in September and compared to the market’s estimate of 93.0.

Net approvals for house purchases in the U.K. decreased to 43,300 in September 2023, which is down from August’s revised figure of 45,400 and falling short of the market consensus of 45,000. This marked the lowest level since January.


Futures are lower across the board.

Financial futures markets are now predicting there is a 98% probability that the Federal Open Market Committee will keep its fed funds rate unchanged at its November 1 policy meeting, and there is a 2% probability of a 25 basis point reduction, which is a reflection of increasing geopolitical risks.

Also, traders are awaiting the quarterly refunding announcement on Wednesday, with the Treasury anticipated to increase the size of auctions for bills, notes, and bonds to cover the expanding budget deficit.


Interested in more futures markets?  Explore our Market Dashboards here.

Risk Warning: Investments in Equities, Contracts for Difference (CFDs) in any instrument, Futures, Options, Derivatives and Foreign Exchange can fluctuate in value. Investors should therefore be aware that they may not realise the initial amount invested and may incur additional liabilities. These investments may be subject to above average financial risk of loss. Investors should consider their financial circumstances, investment experience and if it is appropriate to invest. If necessary, seek independent financial advice.

ADM Investor Services International Limited, registered in England No. 2547805, is authorised and regulated by the Financial Conduct Authority [FRN 148474] and is a member of the London Stock Exchange. Registered office: 3rd Floor, The Minster Building, 21 Mincing Lane, London EC3R 7AG.                  

A subsidiary of Archer Daniels Midland Company.

© 2021 ADM Investor Services International Limited.

Futures and options trading involve significant risk of loss and may not be suitable for everyone.  Therefore, carefully consider whether such trading is suitable for you in light of your financial condition.  The information and comments contained herein is provided by ADMIS and in no way should be construed to be information provided by ADM.  The author of this report did not have a financial interest in any of the contracts discussed in this report at the time the report was prepared.  The information provided is designed to assist in your analysis and evaluation of the futures and options markets.  However, any decisions you may make to buy, sell or hold a futures or options position on such research are entirely your own and not in any way deemed to be endorsed by or attributed to ADMIS. Copyright ADM Investor Services, Inc.

Latest News & Market Commentary

Explore the latest edition of The Ghost in the Machine

Explore Now