S&P 500 futures are in-line with fair value; the Nasdaq 100 futures are 0.1% below fair value; and the DJIA futures are 0.1% below fair value
Key factors driving the futures market:
Wait-and-see stance in front of November Employment Situation Report
Ongoing deliberation as to whether market has overreacted to Fed Chair Powell's speech
EU governments have reached tentative agreement on price cap of $60/bbl for Russian oil, according to Reuters
China's coronavirus czar says China will take "baby steps" to move away from zero coronavirus policy, according to Washington Post
Kremlin spokesperson says Putin remains open to talks about possible war settlement deal, according to CNBC
Tesla (TSLA) announces first semi truck deliveries
OPEC+ to consider production cuts ahead of December 4 ministerial meeting, according to CNBC
Brokerage research calls of note:
Upgrades: ASBFY
Downgrades: APPH, ASAN, BX, DASH
WTI crude futures +0.6% to $81.72/bbl; nat gas futures flat at $6.74/mmbtu; copper futures -0.4% to $3.80/lb.
2-yr note yield -3 bps to 4.20% and 10-yr note yield -1 bp to 3.52%
The U.S. Dollar Index is down 0.2% to 104.52
Today's economic data: November Employment Situation Report at 8:30 a.m. ET
