Online Forex broker
On Friday, American futures headed south due to the fact that profit forecast cuts from a number of businesses as well as poor retail sales over the holidays threatened to reverse Wall Street's five-day leap as traders fear a probable recession.
As a matter of fact, the S&P 500 futures went down by 0.11%. Meanwhile, Dow futures tumbled by 0.04%. As for Nasdaq 100 futures, they slipped by 0.20%.
The equities had soared earlier this week on signs that the major US bank could suspend its stance on policy tightening as well as optimistic trade talks from China and America.
However, dismal holiday sales from Macy’s along with cuts in profit forecasts from American Airlines and Apple, among others, could erase earlier profits.
Besides this, the US government shutdown has managed to become the longest in history. As a result, up to 800,000 federal staff members will miss their first paycheck of 2019. American leader is currently at a standstill with Democrats over the government shutdown because Trump insists that the budget should include funding to erect a wall on the U.S.-Mexico border.
Anheuser Busch Inbev turned out to be among the top performers in premarket trading, soaring by 5.4%. As for Netflix, it tacked on by 2.4%. Besides this, Procter & Gamble Company headed north by 0.4%. Moreover, Apple Inc rallied by 0.4% after it told that it came up with up to three new iPhone models in 2019.
Pacific Gas & Electric went down by 6.9%, Frontline dived by 4.6%, while Facebook headed south by 0.5%. Activision Blizzard Inc tumbled by 7.3% after it uncovered it chose Bungie to transfer its publishing rights for its Destiny.
Meanwhile, gold futures went up by 0.4% being worth $1,292.35 a troy ounce. Crude futures surged by 0.5% trading at $52.89 a barrel.
On Monday, US stocks surged because dives in Boeing and Facebook held profits in check and traders closely watched this week's Fed gathering for affirmation of the major financial institution’s commitment to patient monetary stance…
On Friday, European equities went up, breaching a five-month maximum recorded yesterday because market participants cheered upbeat signals over US-China trade negotiations and after British lawmakers underpinned a delay of a chaotic departure from the EU…
On Friday, Asian equities surged because market sentiment got better on a report that more progress has been achieved in US-China trade negotiations and after British lawmakers decided to postpone a potentially chaotic departure from the European bloc…
Safe havens such as gold and Japanese yen declined as investors sentiment was boosted by eased geopolitical tensions…
On Tuesday, the euro tacked on because market participants waited for reports on inflation and growth in the euro zone, while the Japanese yen went down after Japan’s major bank told it would be more flexible in its huge stimulus program…
On Tuesday, the evergreen buck dived because the common currency bounced off and the UK pound managed to ascend to the day’s maximums reacting to reports that British Prime Minister Theresa May is going to take control of Brexit talks…
Your request is accepted.
A manager will call you shortly.
Internal error. Please try again later
We've emailed a special link to your e-mail.
Click the link to confirm your address and get Beginner Forex book for free.
|
