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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 Wednesday, American stock index futures headed south because dismal data out of China affected market sentiment, while traders waited for more developments related to the US-China trade conflict…
On Wednesday, Italian stocks led losses in the European Union right after the country's deputy prime minister told that Rome considers breaking EU fiscal rules, thus masking early revenue powered by optimism around the US-China trade conflict…
On Tuesday, another US-China tariff conflict escalation put pressure on Asian stocks, although remarks from American leader that he expects trade talks to be successful backed market sentiment…
On Monday, gold declined notwithstanding a lower American currency because data underpinned hopes for a Fed interest rate lift…
On Friday, European stock indices fluctuated at the beginning of the trading session…
The Reserve Bank of New Zealand will hold a meeting at 00:00 MT time on August 9.
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