On Thursday, Asian stocks rallied after the major US bank took a more accommodative stance at its policy gathering, although worries over US-China trade negotiations and decelerating global surged capped broad profits and suppressed some markets…
American futures gain on hope of US-China trade negotiations
On Tuesday, American futures managed to gain because expectations that China and America will have trade hostilities toned down brought the S&P and Nasdaq to all-time maximums.
The S&P 500 futures tacked on by 0.18% hitting 2,863.75. Dow futures soared by 0.21% showing 25,812.0. Additionally, tech heavy Nasdaq 100 futures jumped by 0.28% coming up with 7,407.75.
Chinese and American officials are anticipated to meet on Wednesday and Thursday in Washington with the aim of discussing trade disagreements, before the latest round of trade duties come true.
However, US leader told Reuters that he doesn’t expect much progress from these negotiations, dampening hopes that a compromise will be reached before the duty deadline.
In addition to this, a number of retailers are anticipated to post their revenue before the opening bell. Among them will be Kohl’s Corporation as well as TJ Maxx parent company - TJX Companies.
Technology equities turned out to be among the top performers in pre-market trade, with Tesla soaring by 1.82% and Facebook adding 0.23%. China’s e-commerce company Jd.Com Inc Adr managed to ascend by 2.14%. As for Apple, its shares rallied by 0.66%.
Additionally, Sodastream International Ltd inched down by 0.35%. Perrigo Co sank by 0.70%.
Meanwhile, in the European Union, equities generally gained. The DAX added by 0.73% in Germany. The CAC 40 rallied by 0.78% in France. The FTSE 100 dipped by 0.39% in Great Britain. In addition to this, the Euro Stoxx 50 soared by 0.69%. The IBEX 35 added 1.08% in Spain.
Gold futures jumped by nearly 0.49% showing $1,200.40 a troy ounce.
Crude futures leapt by 0.03% demonstrating $65.44 a barrel.
Assessing the greenback’s purchasing power against its main rivals, the USD index dived by about 0.25% coming up with 95.44.
On Wednesday, American stocks were nearly intact because market participants awaited more clarity on the Fed’s interest rate outlook for 2019, while some trade fears still persisted…
On Wednesday, Asian stocks dived because investors took profits ahead of a policy decision by the Fed, anticipated to tell more about its interest rate plans for the rest of 2019…
Did Bitcoin manage to recover and what was the hottest news in the crypto and blockchain world? Read and find out!
On Monday, Asian stocks traded mostly higher, with Shanghai bucking the trend because centrist Emmanuel Macron fully matched opinion survey hopes and left anti-EU far-right nominee Marine Le Pen behind…
Japan's March real wages went down at the fastest pace in nearly two years, weighed by minor nominal pay lifts as well as a moderate ascend in consumer prices, thus posing a setback for Prime Minister Shinzo Abe's tries to revitalize the Japanese…