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On Tuesday, American stocks were set for an upbeat trading day, a day after reporting records all around on ascending expectations that the highly anticipated tax bill will face its final signoff this week.
Futures for the Dow Jones Industrial Average YMH8 acquired 0.2% hitting 24,877, thus indicating another winning day for the blue-chip benchmark. By the way, on Monday, the Dow DJIA concluded at all-time maximum, which is its 70th record this year, beating the 69 records hit in 1995.
As for futures for the S&P 500 index, they gained 0.1% trading at 2,697.75, while futures for the Nasdaq-100 Index NQH8 soared 0.1% reaching 6,543.75.
On Monday, both the S&P 500 SPX as well as Nasdaq Composite Index COMP concluded at records.
Expectations that the Republicans’ key tax overhaul will be passed before Christmas spurred stock markets around the globe and it appeared to a key driver for Tuesday’s actions.
On Tuesday, European equities went down, with financial institutions weighing a lot on fears about decelerating economic surge, Italy’s budget, receding earnings momentum, to say nothing of a lower probability of rate lifts in the EU in 2019…
On Tuesday, Asian equities declined, extending steep losses on Wall Street because technology companies bore the brunt of fears about decreasing demand, while the evergreen buck dipped after poor American data further affected confidence in the US dollar…
On Monday, American futures generally declined because Apple equities were affected by fears of decelerating demand for iPhones, and new signals of a potential escalation in the China-US trade conflict also contributed to market jitters…
Safe havens such as gold and Japanese yen declined as investors sentiment was boosted by eased geopolitical tensions…
On Tuesday, the euro tacked on because market participants waited for reports on inflation and growth in the euro zone, while the Japanese yen went down after Japan’s major bank told it would be more flexible in its huge stimulus program…
On Tuesday, the evergreen buck dived because the common currency bounced off and the UK pound managed to ascend to the day’s maximums reacting to reports that British Prime Minister Theresa May is going to take control of Brexit talks…
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