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Nasdaq 100 futures extend gains above 18k

Since an earlier update here today noted the modest rebound in the Nasdaq 100 futures, they have now advanced further and lifted above the 18k level. That rebound has now extended to indicate a reopening above 18,030, as I write this update. Of course that can change, but the further rise comes set against the backdrop of a weaker dollar and little change yet in US treasury yields. Naturally, the index would be helped if those yields fall back again and so the US data releases (ADP and JOLTS) might help facilitate that ahead any potentially dovish remarks from the Fed boss at 3pm GMT. Naturally, the opposite might apply too. Right now the Nasdaq 100 futures seem to be gunning for the first outcome

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