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 futures are intact, as traders eye trade conflict
On Thursday, American futures didn’t change because trade war clashes kept traders on edge.
The S&P 500 futures sank by 0.01% hitting 2,888.0, while Dow futures added by 0.08% being worth 25,995.0. At the same time, the Nasdaq 100 futures slumped by 0.06% reaching 7,527.50.
Market participants are waiting for news of American levies on another $200 billion worth of Chin’s products, which could come true as soon as the public comment period is over at midnight in the US capital on Thursday. Besides this, trade talks to recover the North American Free Trade Agreement with Canada went on. America’s northern neighbor has told that there’s enough room to come to a compromise, although there’re several indications that a pact is real.
Luxury car manufacturer Tesla turned out to be among the top performers in premarket trade, edging up by 2.59%. Apple rallied by 0.35%, while Chinese e-commerce company Jd.Com Inc Adr tacked on by nearly 1.48%.
British American Tobacco went down by 0.60%. Procter & Gamble Company sank by 0.29%, while semiconductor Micron Technology Inc declined by 0.79%.
The ADP’s report on private payrolls is expected to show up soon. Apart from that, market participants are waiting for the weekly jobless claims numbers. Besides this, ISH Markit's Services PMI data as well as ISM non-manufacturing data will be uncovered soon too.
Meanwhile, in the European Union, equities were generally mixed. The DAX surged by 0.07% in Germany. The CAC 40 rallied by 0.17% in France. The FTSE 100 dived by 0.14% in the United Kingdom. Additionally, the pan-European Euro Stoxx 50 jumped by 0.08%. The IBEX 35 lost 0.72% in Spain.
Gold futures tacked on by 0.78% reaching $1,210.70 a troy ounce. As for crude futures, they tacked on by 0.07% being worth $68.77 a barrel.
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.