Once again, the stock index futures are lower in early trading, but are holding above initial support.
The stock index futures were flat ahead of the opening on Wednesday.
European markets and the stock index futures are both lower ahead of the opening, and I am expecting more choppy trading over the coming weeks.
Analysis of the Commitment of Traders (COT) data on the stock index futures by COT expert John Person shows that as of last week, the small speculators are heavily positioned on the short side.
Friday is additionally triple witching the end-of-the-quarter event when the stock-index futures, stock-index options, and stock options for December all expire.
The gains for U.S. stock index futures also came ahead of the conclusion of a two-day Federal Reserve policy meeting.
The loss was from bad bets on the direction of European stock index futures.
China also may soon allow QFII license holders to open new yuan-denominated onshore bank accounts, in addition to their sole existing accounts under the QFII program, that are designated for investment in China's nascent stock index futures market, the people said.
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Traders were using a new kind of hedging strategy called portfolio insurance, which involved linking stock prices to the futures index.
Singapore, for example, is the center for trade in Japanese stock index futures, and it once tried - but failed - to launch a Hong Kong-derived product.
Investors have already marked down stock index futures and the dollar index has rebounded by 0.3% to stand at 74.11 after a poor start to the week.
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Those who were buying puts and shorting stock-index futures early in the week were very happy, but the last hour rally Thursday took away many smiles.
The big oil and gas firms account for more than half of the Russian Trading System stock index, which is the reason why the Russian trade is so highly correlated to oil futures.
Platinum was higher early Wednesday even when stock-index futures, crude oil and the euro were lower.
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The weekly jobless claims tally from the Labor Department, which rose to 417, 000 in the latest signal that the economy is stagnating, pressured an earlier advance in stock index futures.
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The Euro is sliding against the dollar and European stock bourses and U.S. stock-index futures fell overnight.
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Nick Leeson told everyone he was doing pure arbitrage: in his case between futures contracts on the Nikkei (the Japanese stock market index) and the Nikkei itself.
Stock-index futures will follow, designed to profit from the leap in cross-border share dealing that is expected once stock prices are reset in euros.
On Nov. 23, the Singapore International Monetary Exchange (Simex) will relaunch contracts on Hong Kong stock-index futures.
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