Explore Special Offers & White Papers from ADMIS

NASDAQ Advances to New Highs


Futures are mixed, although NASDAQ futures today advanced to new record highs.

The June Empire State manufacturing index was -6.0 when -10.5 was expected.

The longer term fundamentals remain supportive to stock index futures.


screen trading



The U.S. dollar index is higher and is hovering near its highest levels since early May. The greenback continues to benefit from a sharp depreciation in the euro currency in light of the political turmoil in Europe.

Wages in the euro zone increased 5.3% year-on-year in the first quarter of 2024, which is the biggest advance since the last quarter of 2022.

Japan’s core machinery orders declined in April for the first time in three months. Core orders fell 2.9% month-on-month in April, compared to the 3.1% decline expected by economists.

The Reserve Bank of Australia is expected to keep its benchmark interest rate unchanged at the conclusion of its two day policy meeting on Tuesday.


On Friday the September 30-year U.S. Treasury bond futures advanced to the highest level since March 12.

However, futures are lower today after Minneapolis Federal Reserve Bank President Neel Kashkari reaffirmed on Sunday, that it was a “reasonable prediction” to expect a single rate cut this year.

Patrick Harker of the Federal Reserve will speak at 12:00 central time.

Financial futures markets are predicting there is a 65% probability that the Federal Open Market Committee will lower its fed funds rate by 25 basis points at its September 18 meeting.

The long term fundamentals are bullish on balance, especially for the 30-year U.S. Treasury bond futures.


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 Special Offers & White Papers from ADMIS

Get Started