(News Bulletin 247) – The main US equity index futures (+0.2% on the S&P500 and the Nasdaq 100) augur a positive start to the session on Wall Street, the day after a mixed-order closing ( +1% on the Dow Jones, but -0.3% on the Nasdaq Composite).
As a reminder, the S&P500 – benchmark index for American managers – advanced by 0.4% on Monday, driven in particular by the energy sector which took full advantage of the decision by OPEC + to reduce its oil production. more than one million barrels per day.
“A few countries have volunteered to begin cuts in May through the end of 2023. Many analysts believe this production cut could push prices towards the $100 mark,” Wells Fargo noted.
A certain confidence could prevail before the numerous data expected by the end of the week in the United States, with in particular the PMI and ISM activity indices for services, Wednesday, then the monthly employment report, Friday .
For the time being, market participants will learn this Tuesday, half an hour after the bell, of orders to American industry for the month of February, a further drop being expected after that of 1.6% of the previous month. .
On the securities front, Merck announced that the US FDA has approved the Keytruda-Padcev combination for the treatment of adult patients with locally advanced or metastatic urothelial carcinoma.
GE has finalized the acquisition of Nexus Controls from Baker Hughes, an operation that will enable GE Gas Power to support the development of its Mark Vle control systems platform, as well as the implementation of the OnCore system.
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