Today's TSE Growth Market 250 Index futures are expected to face upside resistance after initial buying runs its course, with trading likely to reflect developments in the US midterm elections and the situation in the Middle East.
In the previous day's US stock market, the Dow ended down about $197, while the Nasdaq remained firm. Disappointment over Apple's earnings weighed on the market, and share prices were mixed after the open. While indicators including JOLTS job openings and new manufacturing orders were received positively, concerns about an additional rate hike later in the year resurfaced.
In contrast to the moves in US stocks, TSE Growth Market 250 Index futures are expected to see limited upside after buying led the market initially. Buying may lead the morning session following the overnight trading move. Sentiment is prone to instability amid concerns about an escalation in the Middle East and increased focus on the US midterm election results.
TSE Growth Market 250 Index futures in overnight trading ended 9 points above the previous business day's daytime close at 773 points. The upside guide is 780 points and the downside guide is 760 points. Attention is likely to focus on the timing of the US midterm election results and developments in the Middle East in future trading.