American futures sink 130 points

American futures sink 130 points

On Wednesday, American futures pointed to a steeply lower start, with a slide in crude prices as well as  uncertainty as for the state of US tax reforms dampening risk sentiment because market participants geared up for more data and also earnings.

The blue-chip Dow futures lost 130 points, the S&P 500 futures declined 14 points, while the tech-heavy Nasdaq 100 futures headed south 32 points.

On Tuesday, all three key American stock indexes concluded lower because General Electric dived for a second straight day.

Weak crude prices affected investor appetite for riskier assets. Crude prices declined 1%, thus extending Tuesday's steep dips, amid rumors weekly supply data due later in the day will demonstrate a large jump in American crude inventories.

Additionally, the US Energy Information Administration is expected to publish its official weekly crude supplies data for the week by November 10.

Financial experts expect consumer prices to tack on 0.1%. Core inflation is believed to add 0.2%.

Similar

European equities edge down

On Thursday, except the United Kingdom, European stock markets dived in the face of everlasting worries of a proliferation of trade clashes between China and America, which appear to be the largest economies around the globe…

Popular

Crude edges down in Asia on Caixin PMI

On Tuesday, crude prices traded weaker because a poll on Chinese manufacturing came in weaker than expected and market participants looked ahead to American inventories on oil as well as refined products to set the overall tone…

Deposit with your local payment systems

Callback

A manager will call you shortly.

Change number

Your request is accepted.

A manager will call you shortly.

Internal error. Please try again later

Beginner Forex book

The most important things to start trading
Enter your e-mail, and we will send you a free Beginner Forex book

Thank you!

We've emailed a special link to your e-mail.
Click the link to confirm your address and get Beginner Forex book for free.

You are using an older version of your browser.

Update it to the latest version or try another one for a safer, more comfortable and productive trading experience.

Safari Chrome Firefox Opera