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On Monday, American equities slumped because Donald Trump gave out a series of devastating tweets over the weekend, thus provoking another round of political instability.
The S&P 500 futures headed south 0.54% being worth 2,741.25, while Dow futures went down 0.52% showing a result of 24,834.0. At the same time tech heavy Nasdaq 100 futures tumbled 1.40% hitting 6,945.50
On Sunday, Trump had Special Counsel Robert Mueller accused of hiring fanatic Democrats to investigate the hypothetic ties between Russia and the 2016 presidential campaign.
In another tweet, the US President shrugged off the very idea that ex-Deputy FBI Director Andrew McCabe had taken an opportunity to incriminate documents. By the way, McCabe was sacked on Friday, two days before his official retirement.
Market participants have been heavily influenced by shifting trade policy in Washington as well as a bunch of Trump administration departures. Early in the month the US President imposed duties on aluminum and steel imports that have powered trade war uncertainty. Additionally, the previous week he sacked Secretary of State Rex Tillerson, while Gary Cohn had to leave his post of the director of the National Economic Council due to his disagreement over the duties.
Financial markets are going to closely watch Wednesday, when the key US bank delivers its interest rate verdict. Market participants actually hope for an interest rate lift because Fed Governor Jerome Powell is expected to give his first press conference.
In the pre-market trade Nokia Corp ADR turned to be among the top notch performers, earning 0.52%, while Barclays PLC ADR tacked on 3.66% along with Unilever PLC acquired 0.17%.
In addition to this Facebook inched down 3.75% following news that political research company Cambridge Analytica dared to collect data on up to 50 million Facebook users without the social giant’s awareness, while Twitter Inc lost 2.67%.
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…
In July, Britain's inflation rate rallied for the first time in 2018, thus leaving many UK households feeling quite squeezed by prices, soaring at nearly the same tempo as their wages…
On Friday, the evergreen buck rallied versus its counterparts after data disclosed that the American economy generated more jobs than anticipated In October, thus backing the Fed’s case to proceed with gradual rate lifts…
On Monday, gold declined because the evergreen buck managed to gain early traction, thus putting pressure on the most popular precious commodity, which has been sticking with the year’s minimums…
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