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…
US equities sink on Trump’s legal woes
On Wednesday, American stock futures declined a bit because Donald Trump's political position was endangered by the criminal convictions of two ex-advisers as well as and on caution ahead of US-China trade negotiations.
On Tuesday, Ex-Trump campaign manager Paul Manafort was suddenly found guilty on tax as well as bank fraud charges after Trump's ex-personal attorney Michael Cohen had been plead guilty to a number of charges.
Additionally, market participants also paid attention to the upcoming trade negotiations, the minutes from the Fed’s last gathering as well as earnings reports from a bunch of American retailers. US leader has stressed that he doesn’t expect these talks to be successful.
The benchmark S&P 500 boasts the longest-ever bull-market marathon that showed up just a day after the index reached an all-time intraday maximum.
On Tuesday, stock futures started lower following news on Cohen and Manafort, although they have managed to gain ground later.
ET, Dow e-minis headed south by 0.06%. S&P 500 e-minis inched down by 0.11%, while Nasdaq 100 e-minis decreased nearly 0.25 points.
The minutes of the Fed's August policy gathering is anticipated to reaffirm the major US financial institution’s confidence in the American economy as well as its commitment to future rate lifts.
US leader has been quite critical as for higher interest rates. What’s more, he has asked the key US bank to do more to assist him in stimulating the American economy.
Among equities, stocks of Target managed to edge up by 5.1% in premarket trade after the retailer reported quarterly same-store sales above experts’ forecasts and also raised its full-year revenue estimate.
Lowe's went down by 2.6% after the home improvement retailer missed experts’ forecast for quarterly same-store sales and also cut its full-year revenue and sales estimate.
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.