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American futures stand still ahead of Juncker and Trump meeting
On Wednesday, American futures stood still because Donald Trump and European Commission President Jean-Claude Juncker are expected to meet to negotiate trade.
The S&P 500 futures headed south by 0.14% trading at 2,817.0, Dow futures slumped by 0.08% trading at 25,194.0. At the same time, the tech heavy Nasdaq 100 futures dipped by 0.01% reaching 7,415.50.
America slapped steep duties on aluminum and steel imports from the European Union and also hinted at a possibility of extending duties to the car sector. In return, the European Union prepared a retaliatory action to withstand probable car duties.
On Tuesday, US leader posted on Tweeter that America and European bloc need to remove all barriers, tariffs and subsidies.
Boeing and UPS are anticipated to post their second-quarter outcomes before the morning bell. Additionally, Ford Motor Company, Facebook Qualcomm as well as others will uncover their result after the closing bell.
General Motors Company tumbled by 3.75% due to the fact that its profit missed expectations. In addition to this, General Electric headed south by 0.76%, Cisco Systems Inc sagged by 0.21%, Netflix inched down by 0.65%.
Additionally, Perrigo Co edged up by 0.42%, Chinese e-commerce firmJd.Com Inc Adr soared by 0.59%. As for Coca-Cola Company, it ascended by 1.30% after its revenue turned out to be better than anticipated.
In the European Union, equities generally dipped. The DAX sank by nearly 0.23% in Germany. The CAC 40 soared by 0.01% in France. The FTSE 100 slumped by 0.65% in London. Meanwhile the Euro Stoxx 50 went down by 0.34%. The IBEX 35 dipped by 0.37% in Spain.
Meanwhile, gold futures managed to ascend by 0.40 hitting $1,230.40 a troy ounce. Crude futures went down by about 0.16% being worth $68.41 a barrel.
Riskier currencies and stocks are in favor of investors. Surprisingly, gold rallies too. Let’s have a closer look.
Congratulations! Gold has just opened a new era... or, rather, reopened...
Canada will publish the employment change and the unemployment rate on July 10, at 15:30 MT time.