On Wednesday, American stock index futures headed south because dismal data out of China affected market sentiment, while traders waited for more developments related to the US-China trade conflict…
American futures tack on
On Tuesday, American futures managed to ascend because Canada and America are anticipated to resume negotiations over a trade deal.
The S&P 500 futures tacked on by 0.09% showing 2,901.25. Dow futures soared by 0.08% reaching 26,099.0. Additionally, the Nasdaq 100 futures jumped by 0.18% hitting 7,582.0.
On Monday, all three indexes concluded at record maximums, reacting to news that Mexico and America came to a compromise that would potentially replace the North American Free Trade Agreement. Eventually Canada has been excluded from the negotiations since July, although the three states are trying to close a deal by the end of August. American leaders Donald Trump warned that he could still slap duties on Canadian cars if they reject the new deal.
While second quarter profits have winded down, Best Buy Co Inc as well as Tiffany & Co are anticipated to report their revenues ahead of the starting bell.
In addition to this, Netflix happened to be among the top performers in premarket trade, soaring by 0.69%. Meanwhile, Intel rallied by 0.27%, Advanced Micro Devices Inc ascended by 1.11%.
Besides this, Tesla headed south by 0.08%, Coca-Cola dipped by 0.26%.
Market participants are waiting for economic news, in particular consumer confidence. Besides this, they are awaiting the goods trade balance for July.
In the European Union, equities were generally mixed. The DAX jumped by 0.19% in Germany, while the CAC 40 rallied by 0.26% in France. The FTSE 100 jumped by 0.36% in the United Kingdom. Meanwhile, the Euro Stoxx 50 declined by 0.01%. The IBEX 35 dipped by 0.43% in Spain.
As for commodities, gold futures managed to gain 0.35% concluding at $1,220.30 a troy ounce. Besides this, crude futures tacked on by 0.22% trading at $69.02 a barrel.
Tracking the greenback’s purchasing power versus its main rivals the US dollar index dipped by 0.13% trading at 94.55.
On Wednesday, Italian stocks led losses in the European Union right after the country's deputy prime minister told that Rome considers breaking EU fiscal rules, thus masking early revenue powered by optimism around the US-China trade conflict…
On Tuesday, another US-China tariff conflict escalation put pressure on Asian stocks, although remarks from American leader that he expects trade talks to be successful backed market sentiment…
On Monday, gold declined notwithstanding a lower American currency because data underpinned hopes for a Fed interest rate lift…
On Friday, European stock indices fluctuated at the beginning of the trading session…
The Reserve Bank of New Zealand will hold a meeting at 00:00 MT time on August 9.