American equities slump, as traders await earnings reports
On Monday, American futures tumbled due to the fact that market participants paused before a bunch of corporate profits this week.
The S&P 500 futures headed south by 0.12% being worth 2,797.50, Dow futures dipped by 0.11% trading at 25,002.0. At the same time, the Nasdaq 100 futures inched down by 0.47% showing 7,325.75.
Earnings season resumed this week. Google is anticipated to post its outcomes after the closing bell. Additionally, Hasbro, Whirlpool, TD Ameritrade Holding Corporation as well as others are also expected to unveil their corporate revenues on Monday.
Geopolitical tensions kept market participants on edge because American leader told on Sunday that Iranian President Hassan Rouhani shouldn’t threaten his country.
At the same time, Fiat Chrysler Automobiles managed to dip by 3.16% in pre-market trade after the car maker had to replace CEO Sergio Marchionne due to his disease after July’s surgery. Besides this, Tesla declined about 4.28% reacting to news that the company was urging suppliers for cash back to assist in turning revenues, while semiconductor Micron Technology Inc headed south by 1.94%.
Aside from that Chinese e-commerce company Jd.Com Inc Adr inched up by 1.63% following information that it was on the verge of expanding into the European Union.
In the European Union, equities generally dived. The DAX headed south by 0.34% in Germany. In France, the CAC 40 descended by 0.57%, while the FTSE 100 lost 0.37% in London. Besides this, the Euro Stoxx 50 declined by 0.45%. The IBEX 35 went down by 0.34% in Spain.
As for commodities, gold futures went down by 0.06% being worth $1,230.30 a troy ounce. Crude futures tacked on by 1.16% trading at $69.05 a barrel.
Estimating the greenback’s purchasing potential versus a pack of main currencies, the USD index declined by 0.01% hitting 94.24.
The US-China trade war escalates
More tariffs were introduced
Stocks of technological companies fell, pay attention to earnings
Yesterday, the US Justice Department announced a broad antitrust review ...
Futures head south after China data points to decelerating retail sales
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…
Bitcoin dives 14%, slumping below $5,000
On Tuesday, crypto assets dived, with Bitcoin decreasing below the psychologically crucial $5,000 mark for the first time this year…
British inflation tacks on for the first time this year
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…
Market updates on June 18
Welcome to Tuesday, people! Here’s your markets update ahead of the European trading session.