S+P 500 might have Triple Witching to contend with later today

The previous update on the Dow Jones noted that today is what is known in the trade as Triple Witching. That is when a whole bunch of stock index futures, stock index options contracts all expire at the same time on the third Friday of March, June, September and December. Well, today is the third Friday in June and so we have that prospect in the final hour of live trade this evening. This more traditionally impacts the S+P 500 index due to the fact that is where most interest is focused on the futures. Look, there is no guarantee this will have an impact today, but in view of the current situation there may be a significant increase in volumes later today. So, at the very least this is something to be mindful of later on. As also just noted, we have some US data due ahead of the opening today. That is the June reading of the Philadelphia Fed business index- expected to show an improvement to -1, from a prior reading of -4. There will be more to add on that when the data hits the screens at 12.30pm GMT. Earlier the S+P 500 was priced to reopen as high as 5,980. It is currently priced to reopen around 5,969