US equities tack on
On Friday, American futures demonstrated a seventh consecutive winning trading session, amid the end of the quarterly reporting season. The attention of market participants switched to the American consumer confidence index.
The Dow blue-chip index futures inched up 0.21%, the S&P 500 futures gained 0.21%, while futures of the high-tech Nasdaq 100 soared by 0.12%.
This week turned to be the last week of a large number of corporate reports of American companies for the first quarter. On Friday, the only crucial report will be the quarterly report of Thomson Reuters.
Published after the close of the previous trading session, Nvidia's report managed to surpass all forecasts of experts, due to high revenue surge from units engaged in creating graphics processors for data centers as well as for the gaming segment. Notwithstanding the positive quarterly report, equities of Nvidia at the auctions before the market opening on Friday headed south by nearly 2%. On Thursday before the release of the report, the price of the equities of this company hit a historic maximum of $260.13.
Market participants will also closely watch the development of the political situation in the United States – the US President Donald Trump is expected to uncover his plan to reduce the price of medicines.
Besides this, Trump is going to meet with the leading car makers in the White House for the purpose of discussing fuel standards in the United States as well as the emerging prospects for a conflict with California and other leading states about easing environmental requirements for vehicles.
On Friday, crude prices were still close to the maximums for three and a half years amid the prospect of imposing sanctions against Iran. Apparently, the resumption of sanctions threatens to cut crude supplies from the Middle East in the face of a soaring demand for black gold.
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Market updates on June 18
Welcome to Tuesday, people! Here’s your markets update ahead of the European trading session.