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Higher Indices Likely After FOMC Meeting


The 9:00 central time September consumer sentiment index is expected to be 72.0.

Futures are holding up well despite all the commentary on when the Federal Reserve will taper its asset-purchase program.

Overall, the fundamentals and technical aspects remain positive for stock index futures.

A new move higher is likely for stock index futures after the Federal Open Market Committee meeting next Wednesday is out of the way.


The euro currency is higher on news that the euro zone annual inflation rate was confirmed at 3.0% in August 2021, which is the highest level since November 2011 and well above the European Central Bank’s target of 2.0%.

Construction output in the euro area increased by 3.3% year-on-year in July 2021, following an upwardly revised 4.1% advance in June. This was the fifth straight month of rising construction activity.

Retail sales in the U.K. fell by 0.9 % in August, which was the fourth consecutive month of declines and was below market expectations of a 0.5% increase. This was the longest period of declines in at least 25 years.

Employment in Australia fell by 146,300 people in August, following the increase of 3,100 jobs in July. Full-time employment fell by 68,000 to 8,956,500 people, and part-time employment decreased by 78,200 to 4,066,100 people.


Traders are looking ahead to the September 22 Federal Open Market Committee meeting for guidance as to when the Federal Reserve will taper its $120 billion a month in asset purchases.

The dominant fundamental influence, which is the reduced pace of the global economic recovery,  will reassert itself after the FOMC meeting is out of the way.

A new move higher is likely for the 30-year Treasury bond futures after the FOMC meeting.

Futures and options trading involve significant risk of loss and may not be suitable for everyone.  Therefore, carefully consider whether such trading is suitable for you in light of your financial condition.  The information and comments contained herein is provided by ADMIS and in no way should be construed to be information provided by ADM.  The author of this report did not have a financial interest in any of the contracts discussed in this report at the time the report was prepared.  The information provided is designed to assist in your analysis and evaluation of the futures and options markets.  However, any decisions you may make to buy, sell or hold a futures or options position on such research are entirely your own and not in any way deemed to be endorsed by or attributed to ADMIS. Copyright ADM Investor Services, Inc.

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