This week's scheduled economic releases and central-bank events, shown in your local time. These are the moments futures, currencies and stocks move fastest: many traders flatten or reduce positions ahead of high-impact events and avoid entering in the minutes around them.
| Time | Currency | Impact | Event | Forecast | Previous |
|---|---|---|---|---|---|
| Sunday, Sep 27 | |||||
| JPY | Low | Monetary Policy Meeting Minutes | — | — | |
| JPY | Low | SPPI y/y | 3.6% | 3.6% | |
| Monday, Sep 28 | |||||
| GBP | Low | MPC Member Ramsden Speaks | — | — | |
| USD | Low | FOMC Member Bowman Speaks | — | — | |
| EUR | Medium | ECB President Lagarde Speaks | — | — | |
| USD | Low | FOMC Member Cook Speaks | — | — | |
| USD | Low | FOMC Member Barkin Speaks | — | — | |
| GBP | Low | BRC Shop Price Index y/y | 1.5% | 1.5% | |
| AUD | Low | Household Spending m/m | 0.3% | 1.1% | |
| Tuesday, Sep 29 | |||||
| AUD | High | Cash Rate | 4.60% | 4.35% | |
| AUD | High | RBA Rate Statement | — | — | |
| AUD | Medium | RBA Press Conference | — | — | |
| CHF | Low | KOF Economic Barometer | 106.0 | 106.7 | |
| EUR | Low | Spanish Flash CPI y/y | 4.6% | 4.3% | |
| GBP | Low | M4 Money Supply m/m | 0.1% | -0.3% | |
| GBP | Low | Mortgage Approvals | 56K | 56K | |
| GBP | Low | Net Lending to Individuals m/m | 6.2B | 6.3B | |
| EUR | Low | Italian 10-y Bond Auction | — | 4.10|1.6 | |
| GBP | Low | 10-y Bond Auction | — | 5.16|3.6 | |
| EUR | Low | German Buba President Nagel Speaks | — | — | |
| EUR | Medium | ECB President Lagarde Speaks | — | — | |
| CAD | Medium | GDP m/m | 0.0% | 0.3% | |
| USD | Low | HPI m/m | 0.1% | 0.0% | |
| USD | Low | S&P/CS Composite-20 HPI y/y | 2.2% | 2.1% | |
| USD | Medium | CB Consumer Confidence | 89.2 | 89.4 | |
| USD | Medium | JOLTS Job Openings | 7.23M | 7.27M | |
| GBP | Low | MPC Member Mann Speaks | — | — | |
| USD | Low | FOMC Member Bowman Speaks | — | — | |
| GBP | Low | MPC Member Taylor Speaks | — | — | |
| USD | Low | FOMC Member Barr Speaks | — | — | |
| USD | Low | FOMC Member Goolsbee Speaks | — | — | |
| CAD | Low | Gov Council Member Gravelle Speaks | — | — | |
| USD | Low | FOMC Member Musalem Speaks | — | — | |
| USD | Low | FOMC Member Williams Speaks | — | — | |
| USD | Low | FOMC Member Waller Speaks | — | — | |
| USD | Low | API Weekly Statistical Bulletin | — | — | |
| JPY | Low | Prelim Industrial Production m/m | 1.4% | 0.1% | |
| JPY | Low | Retail Sales y/y | 3.3% | 4.0% | |
| NZD | Low | ANZ Business Confidence | — | 53.7 | |
| AUD | High | CPI m/m | 0.5% | 1.0% | |
| AUD | High | CPI y/y | 4.1% | 3.5% | |
| AUD | High | Trimmed Mean CPI m/m | 0.3% | 0.5% | |
| AUD | Low | Building Approvals m/m | -1.6% | -3.6% | |
| AUD | Low | Private Sector Credit m/m | 0.5% | 0.6% | |
| CNY | Low | Manufacturing PMI | 50.1 | 49.8 | |
| CNY | Low | Non-Manufacturing PMI | 49.2 | 49.0 | |
| CNY | Low | RatingDog Manufacturing PMI | 51.7 | 51.5 | |
| CNY | Low | RatingDog Services PMI | 51.3 | 51.4 | |
| Wednesday, Sep 30 | |||||
| JPY | Low | Housing Starts y/y | 6.9% | 8.2% | |
| EUR | Low | German Import Prices m/m | 0.6% | 0.2% | |
| EUR | Low | German Retail Sales m/m | 1.6% | -3.4% | |
| GBP | Low | Current Account | -25.6B | -22.1B | |
| GBP | Low | Final GDP q/q | 0.4% | 0.4% | |
| GBP | Low | Revised Business Investment q/q | 1.7% | 1.7% | |
| EUR | Medium | German Prelim CPI m/m | 0.5% | 0.2% | |
| EUR | Low | French Consumer Spending m/m | 0.0% | 0.5% | |
| EUR | Low | French Prelim CPI m/m | -0.5% | 0.7% | |
| EUR | Low | German Unemployment Change | 0K | 4K | |
| CHF | Low | UBS Economic Expectations | — | 12.1 | |
| EUR | Low | Italian Prelim CPI m/m | 0.2% | 0.5% | |
| GBP | Low | FPC Meeting Minutes | — | — | |
| GBP | Low | FPC Statement | — | — | |
| EUR | Low | German 10-y Bond Auction | — | 3.39|1.5 | |
| CAD | Holiday | Bank Holiday | — | — | |
| USD | Medium | ADP Non-Farm Employment Change | 73K | 38K | |
| USD | High | Core PCE Price Index m/m | 0.3% | 0.2% | |
| USD | High | Final GDP q/q | 1.5% | 1.5% | |
| USD | Medium | Final GDP Price Index q/q | 6.4% | 6.4% | |
| USD | Low | Goods Trade Balance | -116.3B | -118.8B | |
| USD | Low | Personal Income m/m | 0.5% | 0.4% | |
| USD | Low | Personal Spending m/m | 0.8% | 0.2% | |
| USD | Low | Prelim Wholesale Inventories m/m | 0.5% | 1.3% | |
| CHF | Low | SNB Quarterly Bulletin | — | — | |
| USD | Low | Chicago PMI | 51.2 | 47.1 | |
| CHF | Low | Gov Board Member Tschudin Speaks | — | — | |
| USD | Low | Crude Oil Inventories | — | 3.0M | |
| USD | Low | FOMC Member Barkin Speaks | — | — | |
| USD | Low | FOMC Member Cook Speaks | — | — | |
| USD | Low | FOMC Member Goolsbee Speaks | — | — | |
| NZD | Low | Building Consents m/m | — | -4.3% | |
| USD | Low | FOMC Member Kashkari Speaks | — | — | |
| CNY | Holiday | Bank Holiday | — | — | |
| JPY | Low | BOJ Summary of Opinions | — | — | |
| JPY | Low | Tankan Manufacturing Index | 25 | 22 | |
| JPY | Low | Tankan Non-Manufacturing Index | 36 | 37 | |
| JPY | Low | Final Manufacturing PMI | 54.1 | 54.1 | |
| AUD | Low | Goods Trade Balance | 2.00B | 1.92B | |
| AUD | Low | RBA Financial Stability Review | — | — | |
| Thursday, Oct 01 | |||||
| GBP | Low | Nationwide HPI m/m | 0.0% | 0.2% | |
| CHF | Medium | CPI m/m | 0.0% | 0.4% | |
| AUD | Low | Commodity Prices y/y | — | 15.5% | |
| CHF | Low | Retail Sales y/y | 2.1% | 2.3% | |
| EUR | Low | Spanish Manufacturing PMI | 50.2 | 49.5 | |
| CHF | Low | Manufacturing PMI | 56.4 | 57.1 | |
| EUR | Low | Italian Manufacturing PMI | 50.1 | 49.6 | |
| EUR | Low | French Final Manufacturing PMI | 50.3 | 50.3 | |
| EUR | Low | German Final Manufacturing PMI | 53.8 | 53.8 | |
| GBP | Medium | BOE Gov Bailey Speaks | — | — | |
| EUR | Low | Final Manufacturing PMI | 52.7 | 52.7 | |
| EUR | Low | Italian Monthly Unemployment Rate | 5.8% | 5.8% | |
| GBP | Low | Final Manufacturing PMI | 52.0 | 52.0 | |
| EUR | Low | Unemployment Rate | 6.4% | 6.4% | |
| EUR | Low | Spanish 10-y Bond Auction | — | 3.96|1.7 | |
| EUR | Low | French 10-y Bond Auction | — | 4.23|2.3 | |
| USD | Low | Challenger Job Cuts y/y | — | -38.5% | |
| EUR | Low | German Buba President Nagel Speaks | — | — | |
| GBP | Low | MPC Member Mann Speaks | — | — | |
| USD | Medium | Unemployment Claims | 201K | 197K | |
| USD | Low | FOMC Member Barkin Speaks | — | — | |
| USD | Low | FOMC Member Collins Speaks | — | — | |
| USD | Low | FOMC Member Schmid Speaks | — | — | |
| EUR | Medium | ECB President Lagarde Speaks | — | — | |
| CAD | Low | Manufacturing PMI | — | 53.0 | |
| USD | Low | Final Manufacturing PMI | 56.9 | 57.0 | |
| USD | Medium | FOMC Member Waller Speaks | — | — | |
| USD | Medium | ISM Manufacturing PMI | 54.8 | 54.6 | |
| USD | Low | Construction Spending m/m | 0.0% | -0.5% | |
| USD | Low | ISM Manufacturing Prices | 72.9 | 71.1 | |
| USD | Low | Omdia Total Vehicle Sales | 16.3M | 16.8M | |
| USD | Low | Natural Gas Storage | — | 53B | |
| CHF | Medium | SNB Chairman Schlegel Speaks | — | — | |
| USD | Low | FOMC Member Jefferson Speaks | — | — | |
| USD | Low | FOMC Member Bowman Speaks | — | — | |
| CAD | Low | Gov Council Member Rogers Speaks | — | — | |
| USD | Low | FOMC Member Cook Speaks | — | — | |
| USD | Low | FOMC Member Logan Speaks | — | — | |
| CNY | Holiday | Bank Holiday | — | — | |
| JPY | Medium | Tokyo Core CPI y/y | 2.4% | 1.8% | |
| JPY | Low | Unemployment Rate | 2.4% | 2.4% | |
| JPY | Low | Monetary Base y/y | -16.3% | -15.7% | |
| Friday, Oct 02 | |||||
| EUR | Low | Spanish Unemployment Change | 17.6K | 44.4K | |
| EUR | Low | Italian Retail Sales m/m | -0.1% | -0.4% | |
| EUR | Medium | Core CPI Flash Estimate y/y | 2.5% | 2.4% | |
| EUR | Medium | CPI Flash Estimate y/y | 3.7% | 3.3% | |
| USD | High | Average Hourly Earnings m/m | 0.3% | 0.3% | |
| USD | High | Non-Farm Employment Change | 90K | 162K | |
| USD | High | Unemployment Rate | 4.1% | 4.1% | |
| USD | Low | Factory Orders m/m | 0.1% | 0.9% | |
| USD | Low | FOMC Member Logan Speaks | — | — | |
| EUR | Low | German Buba President Nagel Speaks | — | — | |
| Saturday, Oct 03 | |||||
| AUD | Holiday | Daylight Saving Time Shift | — | — | |
Forecast is the economists' consensus; markets move on the surprise, meaning how far the actual number lands from it. Previous is the last reading. Actual results aren't shown here.
Every US equity-index future on CME and CBOT, with each upcoming contract month. Contracts roll forward automatically as they expire. The basis is how far the futures trade above or below the index, and the fair value is where they should trade given the live 3-month T-bill rate (4.06%) and each index's dividend yield. See the last tab for how to read it.
| Contract | Expires | Price | Open interest | Basis | Fair value | vs fair | Notional | Implied rate |
|---|---|---|---|---|---|---|---|---|
| ESZ26 Dec 2026 front | 2026-12-18 80d | 7,726.50 -0.26% | 1.90M | +42.81 | 7,735.68 | -9.18 | 386,325 USD | 3.51% |
| ESH27 Mar 2027 | 2027-03-19 171d | 7,807.50 -0.27% | 9K | +123.81 | 7,795.26 | +12.24 | 390,375 USD | 4.39% |
| ESM27 Jun 2027 | 2027-06-18 262d | 7,913.75 -0.72% | 957 | +230.06 | 7,855.29 | +58.46 | 395,688 USD | 5.09% |
| ESU27 Sep 2027 | 2027-09-17 353d | 8,004.00 -0.69% | 4 | +320.31 | 7,915.78 | +88.22 | 400,200 USD | 5.20% |
| Contract | Expires | Price | Open interest | Basis | Fair value | vs fair | Notional | Implied rate |
|---|---|---|---|---|---|---|---|---|
| MESZ26 Dec 2026 front | 2026-12-18 80d | 7,726.50 -0.26% | 140K | +42.81 | 7,735.68 | -9.18 | 38,632 USD | 3.51% |
| MESH27 Mar 2027 | 2027-03-19 171d | 7,808.75 -0.26% | 2K | +125.06 | 7,795.26 | +13.49 | 39,044 USD | 4.43% |
| MESM27 Jun 2027 | 2027-06-18 262d | 7,913.75 -0.72% | 63 | +230.06 | 7,855.29 | +58.46 | 39,569 USD | 5.09% |
| MESU27 Sep 2027 | 2027-09-17 353d | 8,004.00 -0.69% | 12 | +320.31 | 7,915.78 | +88.22 | 40,020 USD | 5.20% |
| Contract | Expires | Price | Open interest | Basis | Fair value | vs fair | Notional | Implied rate |
|---|---|---|---|---|---|---|---|---|
| NQZ26 Dec 2026 front | 2026-12-18 80d | 30,427.75 -0.45% | 272K | +150.94 | 30,519.13 | -91.38 | 608,555 USD | 2.69% |
| NQH27 Mar 2027 | 2027-03-19 171d | 30,804.75 -0.43% | 757 | +527.94 | 30,797.12 | +7.63 | 616,095 USD | 4.11% |
| NQM27 Jun 2027 | 2027-06-18 262d | 31,338.75 -0.90% | 45 | +1061.94 | 31,077.65 | +261.10 | 626,775 USD | 5.22% |
| NQU27 Sep 2027 | 2027-09-17 353d | no trades | N/A | N/A | 31,360.73 | N/A | 627,215 USD | N/A |
| Contract | Expires | Price | Open interest | Basis | Fair value | vs fair | Notional | Implied rate |
|---|---|---|---|---|---|---|---|---|
| MNQZ26 Dec 2026 front | 2026-12-18 80d | 30,427.00 -0.46% | 132K | +150.19 | 30,519.13 | -92.13 | 60,854 USD | 2.68% |
| MNQH27 Mar 2027 | 2027-03-19 171d | 30,797.25 -0.45% | 2K | +520.44 | 30,797.12 | +0.13 | 61,594 USD | 4.06% |
| MNQM27 Jun 2027 | 2027-06-18 262d | 31,338.75 -0.90% | 89 | +1061.94 | 31,077.65 | +261.10 | 62,678 USD | 5.22% |
| MNQU27 Sep 2027 | 2027-09-17 353d | 31,724.75 -0.89% | 2 | +1447.94 | 31,360.73 | +364.02 | 63,450 USD | 5.25% |
| Contract | Expires | Price | Open interest | Basis | Fair value | vs fair | Notional | Implied rate |
|---|---|---|---|---|---|---|---|---|
| YMZ26 Dec 2026 front | 2026-12-18 80d | 51,723.00 -0.22% | 86K | +241.49 | 51,784.46 | -61.46 | 258,615 USD | 3.52% |
| YMH27 Mar 2027 | 2027-03-19 171d | 52,233.00 -0.21% | 91 | +751.49 | 52,131.24 | +101.76 | 261,165 USD | 4.47% |
| YMM27 Jun 2027 | 2027-06-18 262d | no trades | N/A | N/A | 52,480.33 | N/A | 262,402 USD | N/A |
| YMU27 Sep 2027 | 2027-09-17 353d | no trades | N/A | N/A | 52,831.77 | N/A | 264,159 USD | N/A |
| Contract | Expires | Price | Open interest | Basis | Fair value | vs fair | Notional | Implied rate |
|---|---|---|---|---|---|---|---|---|
| MYMZ26 Dec 2026 front | 2026-12-18 80d | 51,720.00 -0.23% | 19K | +238.49 | 51,784.46 | -64.46 | 25,860 USD | 3.49% |
| MYMH27 Mar 2027 | 2027-03-19 171d | 52,342.00 -0.61% | 216 | +860.49 | 52,131.24 | +210.76 | 26,171 USD | 4.92% |
| MYMM27 Jun 2027 | 2027-06-18 262d | 52,865.00 -0.59% | 19 | +1383.49 | 52,480.33 | +384.67 | 26,432 USD | 5.07% |
| MYMU27 Sep 2027 | 2027-09-17 353d | no trades | N/A | N/A | 52,831.77 | N/A | 26,416 USD | N/A |
| Contract | Expires | Price | Open interest | Basis | Fair value | vs fair | Notional | Implied rate |
|---|---|---|---|---|---|---|---|---|
| RTYZ26 Dec 2026 front | 2026-12-18 80d | 2,829.50 -0.37% | 426K | +11.59 | 2,837.48 | -7.98 | 141,475 USD | 2.77% |
| RTYH27 Mar 2027 | 2027-03-19 171d | 2,866.80 -0.67% | 333 | +48.89 | 2,859.90 | +6.90 | 143,340 USD | 4.57% |
| RTYM27 Jun 2027 | 2027-06-18 262d | no trades | N/A | N/A | 2,882.50 | N/A | 144,125 USD | N/A |
| RTYU27 Sep 2027 | 2027-09-17 353d | no trades | N/A | N/A | 2,905.27 | N/A | 145,264 USD | N/A |
| Contract | Expires | Price | Open interest | Basis | Fair value | vs fair | Notional | Implied rate |
|---|---|---|---|---|---|---|---|---|
| M2KZ26 Dec 2026 front | 2026-12-18 80d | 2,829.20 -0.38% | 48K | +11.29 | 2,837.48 | -8.28 | 14,146 USD | 2.72% |
| M2KH27 Mar 2027 | 2027-03-19 171d | 2,866.80 -0.67% | 243 | +48.89 | 2,859.90 | +6.90 | 14,334 USD | 4.57% |
| M2KM27 Jun 2027 | 2027-06-18 262d | 2,894.10 -0.61% | 1 | +76.19 | 2,882.50 | +11.60 | 14,471 USD | 4.62% |
| M2KU27 Sep 2027 | 2027-09-17 353d | 2,922.30 -0.60% | 9 | +104.39 | 2,905.27 | +17.03 | 14,612 USD | 4.66% |
| Contract | Expires | Price | Open interest | Basis | Fair value | vs fair | Notional | Implied rate |
|---|---|---|---|---|---|---|---|---|
| EMDZ26 Dec 2026 front | 2026-12-18 80d | 3,637.90 | 46K | +15.90 | 3,646.19 | -8.29 | 363,790 USD | 3.02% |
| EMDH27 Mar 2027 | 2027-03-19 171d | no trades | N/A | N/A | 3,673.90 | N/A | 367,390 USD | N/A |
| EMDM27 Jun 2027 | 2027-06-18 262d | no trades | N/A | N/A | 3,701.83 | N/A | 370,183 USD | N/A |
| EMDU27 Sep 2027 | 2027-09-17 353d | no trades | N/A | N/A | 3,729.96 | N/A | 372,996 USD | N/A |
| Contract | Expires | Price | Open interest | Basis | Fair value | vs fair | Notional | Implied rate |
|---|---|---|---|---|---|---|---|---|
| NKDZ26 Dec 2026 front | 2026-12-10 72d | 65,210.00 -0.94% | 7K | +234.24 | 65,265.69 | -55.69 | 326,050 USD | 3.62% |
| NKDH27 Mar 2027 | 2027-03-11 163d | no trades | N/A | N/A | 65,633.98 | N/A | 328,170 USD | N/A |
| NKDM27 Jun 2027 | 2027-06-10 254d | no trades | N/A | N/A | 66,004.34 | N/A | 330,022 USD | N/A |
| NKDU27 Sep 2027 | 2027-09-09 345d | no trades | N/A | N/A | 66,376.80 | N/A | 331,884 USD | N/A |
| Contract | Expires | Price | Open interest | Basis | Fair value | vs fair | Notional | Implied rate |
|---|---|---|---|---|---|---|---|---|
| NIYZ26 Dec 2026 front | 2026-12-10 72d | 65,170.00 -0.93% | 22K | +194.24 | 64,809.35 | +360.65 | 32,585,000 JPY | 3.31% |
| NIYH27 Mar 2027 | 2027-03-11 163d | no trades | N/A | N/A | 64,599.64 | N/A | 32,299,820 JPY | N/A |
| NIYM27 Jun 2027 | 2027-06-10 254d | no trades | N/A | N/A | 64,390.60 | N/A | 32,195,302 JPY | N/A |
| NIYU27 Sep 2027 | 2027-09-09 345d | no trades | N/A | N/A | 64,182.25 | N/A | 32,091,123 JPY | N/A |
Prices may be delayed. Margin requirements are set by the exchange and your broker and aren't shown here. Cboe VIX futures aren't available from free data sources. Unless there's interest from enough users to purchase this, it will remain unavailable.
Major index futures around the world. Exchanges outside CME sell their futures data, so live futures quotes aren't available for free. Each contract instead shows the live index level and a calculated fair futures price worked out from the index level, the local interest rate and dividend yield shown, which are assumptions you can check against your broker. Contract months roll forward automatically as each one expires.
| Contract | Expires | Fair value calc | Basis | Notional EUR |
|---|---|---|---|---|
| Dec 2026 | 2026-12-18 80d | 25,497.07 | +122.65 | 637,427 |
| Mar 2027 | 2027-03-19 171d | 25,637.30 | +262.88 | 640,933 |
| Jun 2027 | 2027-06-18 262d | 25,778.31 | +403.89 | 644,458 |
Assumed rate 2.20% · dividend yield 0.00% · DAX is a total-return index (dividends reinvested), so no dividend is subtracted.
| Contract | Expires | Fair value calc | Basis | Notional EUR |
|---|---|---|---|---|
| Dec 2026 | 2026-12-18 80d | 25,497.07 | +122.65 | 127,485 |
| Mar 2027 | 2027-03-19 171d | 25,637.30 | +262.88 | 128,187 |
| Jun 2027 | 2027-06-18 262d | 25,778.31 | +403.89 | 128,892 |
Assumed rate 2.20% · dividend yield 0.00%
| Contract | Expires | Fair value calc | Basis | Notional EUR |
|---|---|---|---|---|
| Dec 2026 | 2026-12-18 80d | 6,287.48 | -13.80 | 62,875 |
| Mar 2027 | 2027-03-19 171d | 6,271.83 | -29.45 | 62,718 |
| Jun 2027 | 2027-06-18 262d | 6,256.21 | -45.07 | 62,562 |
Assumed rate 2.20% · dividend yield 3.20%
| Contract | Expires | Fair value calc | Basis | Notional GBP |
|---|---|---|---|---|
| Dec 2026 | 2026-12-18 80d | 10,694.27 | +9.37 | 106,943 |
| Mar 2027 | 2027-03-19 171d | 10,704.94 | +20.04 | 107,049 |
| Jun 2027 | 2027-06-18 262d | 10,715.62 | +30.72 | 107,156 |
Assumed rate 4.00% · dividend yield 3.60%
| Contract | Expires | Fair value calc | Basis | Notional EUR |
|---|---|---|---|---|
| Oct 2026 | 2026-10-16 17d | 8,075.09 | -3.39 | 80,751 |
| Nov 2026 | 2026-11-20 52d | 8,068.13 | -10.35 | 80,681 |
| Dec 2026 | 2026-12-18 80d | 8,062.56 | -15.92 | 80,626 |
Assumed rate 2.20% · dividend yield 3.10%
| Contract | Expires | Fair value calc | Basis | Notional CHF |
|---|---|---|---|---|
| Dec 2026 | 2026-12-18 80d | 13,866.72 | -76.19 | 138,667 |
| Mar 2027 | 2027-03-19 171d | 13,780.56 | -162.35 | 137,806 |
| Jun 2027 | 2027-06-18 262d | 13,694.93 | -247.98 | 136,949 |
Assumed rate 0.50% · dividend yield 3.00%
| Contract | Expires | Fair value calc | Basis | Notional EUR |
|---|---|---|---|---|
| Oct 2026 | 2026-10-16 17d | 19,583.88 | -16.43 | 195,839 |
| Nov 2026 | 2026-11-20 52d | 19,550.10 | -50.20 | 195,501 |
| Dec 2026 | 2026-12-18 80d | 19,523.13 | -77.17 | 195,231 |
Assumed rate 2.20% · dividend yield 4.00%
| Contract | Expires | Fair value calc | Basis | Notional EUR |
|---|---|---|---|---|
| Dec 2026 | 2026-12-18 80d | 51,499.73 | -260.27 | 257,499 |
| Mar 2027 | 2027-03-19 171d | 51,205.26 | -554.74 | 256,026 |
| Jun 2027 | 2027-06-18 262d | 50,912.48 | -847.52 | 254,562 |
Assumed rate 2.20% · dividend yield 4.50%
| Contract | Expires | Fair value calc | Basis | Notional EUR |
|---|---|---|---|---|
| Oct 2026 | 2026-10-16 17d | 1,115.81 | -0.31 | 223,162 |
| Nov 2026 | 2026-11-20 52d | 1,115.17 | -0.95 | 223,033 |
| Dec 2026 | 2026-12-18 80d | 1,114.65 | -1.47 | 222,931 |
Assumed rate 2.20% · dividend yield 2.80%
| Contract | Expires | Fair value calc | Basis | Notional JPY |
|---|---|---|---|---|
| Dec 2026 | 2026-12-10 72d | 64,809.35 | -166.41 | 64,809,352 |
| Mar 2027 | 2027-03-11 163d | 64,599.64 | -376.12 | 64,599,639 |
| Jun 2027 | 2027-06-10 254d | 64,390.60 | -585.16 | 64,390,604 |
Assumed rate 0.50% · dividend yield 1.80%
| Contract | Expires | Fair value calc | Basis | Notional HKD |
|---|---|---|---|---|
| Sep 2026 | 2026-09-29 0d | 24,486.52 | +0.00 | 1,224,326 |
| Oct 2026 | 2026-10-29 30d | 24,480.48 | -6.04 | 1,224,024 |
| Nov 2026 | 2026-11-27 59d | 24,474.65 | -11.87 | 1,223,732 |
Assumed rate 3.50% · dividend yield 3.80%
| Contract | Expires | Fair value calc | Basis | Notional AUD |
|---|---|---|---|---|
| Dec 2026 | 2026-12-17 79d | 8,676.22 | -1.88 | 216,906 |
| Mar 2027 | 2027-03-18 170d | 8,674.06 | -4.04 | 216,851 |
| Jun 2027 | 2027-06-17 261d | 8,671.90 | -6.20 | 216,797 |
Assumed rate 3.60% · dividend yield 3.70%
| Contract | Expires | Fair value calc | Basis | Notional INR |
|---|---|---|---|---|
| Sep 2026 | 2026-09-29 0d | 22,594.00 | +0.00 | 1,694,550 |
| Oct 2026 | 2026-10-27 28d | 22,677.35 | +83.35 | 1,700,801 |
| Nov 2026 | 2026-11-24 56d | 22,761.01 | +167.01 | 1,707,075 |
Assumed rate 6.00% · dividend yield 1.20%
| Contract | Expires | Fair value calc | Basis | Notional KRW |
|---|---|---|---|---|
| Dec 2026 | 2026-12-10 72d | 1,081.86 | +1.07 | 270,464,137 |
| Mar 2027 | 2027-03-11 163d | 1,083.21 | +2.42 | 270,801,502 |
| Jun 2027 | 2027-06-10 254d | 1,084.56 | +3.77 | 271,139,287 |
Assumed rate 2.50% · dividend yield 2.00%
| Contract | Expires | Fair value calc | Basis | Notional TWD |
|---|---|---|---|---|
| Oct 2026 | 2026-10-21 22d | 47,677.20 | -23.00 | 9,535,441 |
| Nov 2026 | 2026-11-18 50d | 47,647.95 | -52.25 | 9,529,591 |
| Dec 2026 | 2026-12-16 78d | 47,618.72 | -81.48 | 9,523,744 |
Assumed rate 1.70% · dividend yield 2.50%
| Contract | Expires | Fair value calc | Basis | Notional CNY |
|---|---|---|---|---|
| Oct 2026 | 2026-10-16 17d | 4,339.44 | -2.63 | 1,301,832 |
| Nov 2026 | 2026-11-20 52d | 4,334.03 | -8.03 | 1,300,210 |
| Dec 2026 | 2026-12-18 80d | 4,329.71 | -12.35 | 1,298,914 |
Assumed rate 1.50% · dividend yield 2.80%
| Contract | Expires | Fair value calc | Basis | Notional SGD |
|---|---|---|---|---|
| Sep 2026 | 2026-09-29 0d | 5,704.30 | +0.00 | 57,043 |
| Oct 2026 | 2026-10-29 30d | 5,694.93 | -9.37 | 56,949 |
| Nov 2026 | 2026-11-27 59d | 5,685.89 | -18.41 | 56,859 |
Assumed rate 2.50% · dividend yield 4.50%
| Contract | Expires | Fair value calc | Basis | Notional CAD |
|---|---|---|---|---|
| Dec 2026 | 2026-12-18 80d | 35,505.46 | +15.56 | 177,527 |
| Mar 2027 | 2027-03-19 171d | 35,523.17 | +33.27 | 177,616 |
| Jun 2027 | 2027-06-18 262d | 35,540.88 | +50.99 | 177,704 |
Assumed rate 2.80% · dividend yield 2.60%
| Contract | Expires | Fair value calc | Basis | Notional BRL |
|---|---|---|---|---|
| Oct 2026 | 2026-10-14 15d | 183,593.60 | +602.60 | 36,719 |
| Dec 2026 | 2026-12-16 78d | 186,146.29 | +3155.29 | 37,229 |
| Feb 2027 | 2027-02-17 141d | 188,734.47 | +5743.47 | 37,747 |
Assumed rate 14.00% · dividend yield 6.00%
| Contract | Expires | Fair value calc | Basis | Notional MXN |
|---|---|---|---|---|
| Dec 2026 | 2026-12-18 80d | 65,616.88 | +672.47 | 656,169 |
| Mar 2027 | 2027-03-19 171d | 66,390.29 | +1445.88 | 663,903 |
| Jun 2027 | 2027-06-18 262d | 67,172.82 | +2228.41 | 671,728 |
Assumed rate 7.50% · dividend yield 2.80%
| Contract | Expires | Fair value calc | Basis | Notional ZAR |
|---|---|---|---|---|
| Dec 2026 | 2026-12-17 79d | 102,281.20 | +947.50 | 1,022,812 |
| Mar 2027 | 2027-03-18 170d | 103,383.61 | +2049.91 | 1,033,836 |
| Jun 2027 | 2027-06-17 261d | 104,497.90 | +3164.20 | 1,044,979 |
Assumed rate 7.50% · dividend yield 3.20%
A futures contract is an agreement to buy or sell an index at a set price on a set date. Each product lists several contract months, coded by letter: H = March, M = June, U = September, Z = December (F G J K N Q V X are the other months). ESZ26 is the E-mini S&P 500 for December 2026. The nearest one, the front month, has almost all the trading.
US index futures expire on the third Friday of the contract month. About a week before, traders roll: they close the expiring contract and open the next one, so trading and open interest shift to the next month. This page rolls automatically: expired contracts drop off and the next ones appear.
The number of contracts currently open (not yet closed or expired). High open interest = deep, liquid market with tight spreads. Rising open interest with a rising price means new money is coming in behind the move; falling open interest means positions are being closed.
Each index point is worth the multiplier: $50 for the E-mini S&P, $5 for the Micro. The tick is the smallest price step (0.25 points = $12.50 on ES). Notional = price × multiplier, the full market exposure one contract gives you, typically 15-25× the margin posted. That leverage is why position size matters so much.
Basis = futures price − index. Futures usually trade above the index because buying the index outright would tie up cash (lost interest) but earn dividends. Fair value = index × e(rate − dividend yield) × years to expiry. When futures trade above fair value, buyers are paying up (bullish demand); below it, sellers are pressing.
The interest rate the futures price implies, after adding back dividends. If it's well above the T-bill rate, futures are rich (strong demand to be long); well below, they're cheap. Big gaps usually close as expiry approaches.
Futures are traded on margin: a good-faith deposit set by the exchange (initial and maintenance margin), often raised by brokers for overnight positions and during volatile markets. It changes regularly, so check your broker. Losses are settled daily ("marked to market"), and falling below maintenance margin triggers a margin call.
Index futures react instantly to high-impact releases, especially US CPI, the jobs report (Non-Farm Payrolls), FOMC rate decisions and GDP. Common practice: don't open new positions in the 15-30 minutes before a high-impact release, tighten or reduce size on open positions, and expect spreads to widen and stops to slip in the first minutes after. The surprise vs forecast, not the number itself, drives the move.
* Rule-based heuristic from the metrics above. This is educational information, not financial advice.