On Monday, futures on the S&P 500 Index failed to gain a foothold above the 1,380-1,385-point mark. As a result, the modest increase in futures this morning is more of a correctional nature, i.e. investors should not count on the stability of buyers’ positions during Tuesday’s trading session. At the same time, they should focus on upcoming corporate reports, which, at the end of the week, will determine future market dynamics.
This morning, the main news for discussion is the publication of data on foreign trade in China. Thus, the trade balance unexpectedly ended with gains for market participants, but this indicator’s dynamics is not due to growth in exports, but rather a reduction in imports, which can be interpreted as a sign of economic slowdown. From our point of view, such a change in events should not negatively impact the long-term dynamics of markets.
