Nasdaq 100 futures extend gains as US yields fall after weak US data

The reactions across the markets to the weaker than expected US data releases has seen all the US equity futures gain further. The S+P 500 futures are now pricing a reopening at above 5,500, but it is the tech sector and the Nasdaq 100 where the bulk of the gains are right now seen. The index which closed yesterday at 18,796 is now priced to reopen even higher and close to, or even above 19,200 just now. The move higher in US stocks comes as the market starts to shift its outlook for the Fed to potential jump the gun and lower rates this evening. That is still not the consensus for the outcome, but this data has certainly strengthened the argument for the Fed to move- we shall see on that later this evening.