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…
American equities go down
On Thursday, American stock index futures headed south because market participants took stock of a tough round of corporate outcomes after the most fluctuating trading week for more than two-and-a-half years.
Dow e-minis and ET both lost 0.19%. S&P 500 e-minis slumped 0.2%. As for Nasdaq 100 e-minis, these equities declined 0.03%.
On Wednesday, Wall Street lost steam right after an early ascend because market participants kept questioning the very nature of a steep decline in the beginning of the week, when the Dow Jones Industrial Average demonstrated its greatest intraday dive.
On Thursday, the CBOE Volatility Index, the market's key indicator of volatility inched down to 28.50, which is still more than twice the value it held for the last few months. On Tuesday, the benchmark reached its highest value since August 2015.
Market participants are currently pondering whether the abrupt fluctuations turn to be the beginning of a deeper correction or it’s a temporary glitch in the nine-year bull market, backed by worries over ascending interest rates as well as bond revenues.
On Thursday, Robert Kaplan, Dallas Fed President told that the Federal Reserve could lift interest rates up to three times in 2018, while the recent market volatility didn’t appear to be enough to have his base scenario altered.
The 10-year American Treasury yield rebounded to 2.83%, which is close to Monday's four-year maximum of 2.885%.
Economic data to be released a bit later is believed to demonstrate that weekly jobless claims edged up from the previous outcome of 230,000 to 232,000.
Among equities, Tesla headed south 1.4% after the electric car maker informed that spending could go up this year.
Twitter edged up 11.8% because its first quarterly net revenue as well as topped Wall Street targets, including video ad sales tacked on.
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.