Virgin Galactic’s Branson flew to space, but the stock of Virgin Galactic (SPCE) dropped. Why?
American equities stand still, as trade tensions resume
On Wednesday, American futures pointed to a lower start because market participants still worry over worsening trade war tensions.
The S&P 500 equities went down by 0.04% trading at 2,910.50, while Dow futures rallied by 0.06% being worth 26,318.0. At the same time, Nasdaq 100 futures leapt by 0.01% coming up with an outcome of 7,525.25.
On Tuesday, China told that it would put fresh duties on American products worth $60 billion on September 24. In addition to this, Chinese statesmen also filed a complaint against the trade partner with the WTO, as anticipated.
The given announcement was made in response to American levies slapped on Monday of 10% on $200 billion in China’s products that will increase to up to 25% at the end of 2018. American leader previously told that his country would put duties on another $267 billion of extra Chinese products if the opponent dares to retaliate.
Tesla went down by 0.18% in premarket trade.
Besides this, Advanced Micro Devices Inc went down by 1.82%. At the same time, Facebook slumped by 0.47%.
Furthermore, Jd.Com Inc Adr managed to ascend by 1.63%. Netflix jumped by 0.84%, while medical marijuana company Tilray Inc added by 18.05%.
In the European Union, equities generally gained. The DAX added by 0.27% in Germany. The CAC 40 tacked on by 0.29% in France. The FTSE 100 added 0.01% in the United Kingdom. Moreover, the pan-European Euro Stoxx 50 managed to acquire 0.08%. As for IBEX 35, it inched down by 0.03% in Spain.
As for metals, gold futures ascended by 0.45% hitting $1,208.30 a troy ounce. Oil futures stood still at $69.59 a barrel.
Estimating the greenback’s purchasing power versus its primary counterparts the USD index went down by 0.20% trading at 94.03.
This week Apple, Microsoft, Google, Facebook, Pfizer, and other large US companies will deliver earnings reports…
The overall market sentiment is risk-on. The S&P 500 index (US 500) is getting close to the all-time high. Oil is recovering quickly from its recent losses.
What will happen? The FOMC statement will be published at 21:00 MT (GMT+3) on Wednesday, July 28…