GameStop is back! It has already surged by 14% in pre-trade hours.
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.
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US retail sales will be out on Thursday, April 15, at 15:30 MT. It is a significant release for traders as it will impact the US dollar.
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The Reserve Bank of New Zealand will hold a meeting on Wednesday, April 14, at 05:00 MT.