During today's Turkish central bank meeting, the market anticipated a rate cut between 200-300 pips.
American equities are mixed
On Thursday, American futures were mixed because trade tensions between the European Union and America receded and a steep dive in Facebook equities put pressure on technology shares.
The S&P 500 futures slumped by 0.20% hitting 2,835.50. Dow futures rallied by 0.09% trading at 25,426.0. Additionally, the tech heavy Nasdaq 100 futures dived more than 0.87% reaching 7,404.75.
Trade clashes between the EU and America relieved after a productive gathering with Donald Trump and Jean-Claude Juncker, European Commission President on Wednesday. As a matter of fact, the two sides agreed not to slap car duties. The countries started talks to remove trade barriers.
Today the following companies are expected to report their outcomes: American Airlines Group, McDonald’s Corporation, Comcast, Mastercard Inc and Under Armour Inc A.
Market participants are especially interested in the results of Amazon.com, expected to come up with its report after the closing bell.
Facebook found itself on track for its greatest share price sag ever, right after the company officially warned that margins could head south because of privacy safeguard costs as well as decelerating usage of the website. In the pre-market trading session Facebook lost about 18.63%.
Besides this, Tesla headed south by 1.18%, PayPal Holdings Inc inched down about 3.47%, while Netflix decreased by 2.11%.
Additionally, Qualcomm managed to ascend by 5.18% right after it told it would cancel its bid for Dutch chipmaker NXP Semiconductors. Additionally, semiconductor Micron Technology Inc soared by 0.69%.
In addition to this, market participants are also waiting for durable goods data and jobless claims.
In the European Union, equities generally ascended. The DAX managed to rally 1.22% in Germany. The CAC 40 gained 0.44%. The FTSE 100 acquired 0.02% in London. The Euro Stoxx 50 soared by 0.77%. In Spain, the IBEX 35 leapt by 0.52%.
More tariffs were introduced
Yesterday, the US Justice Department announced a broad antitrust review ...
We've got some positive news for the British pound and we are awaiting the release of the core retail sales for Canada at 15:30 MT.
The tweet by Iran's foreign minister increased the possibility of tensions in the region. It pushed the oil prices up.
The European trading session will be highlighted by the events for the British pound. Traders will pay special attention to the BOE meeting at 14:00 MT.