Wall Street is braced for flat start
On Monday, American stock index futures stood still, having reached a closing maximum in the previous trading session due to the fact that market participants awaited a fresh pack of earnings reports and sentiment was backed by positive consumer spending data.
According to a Commerce Department report, in March, domestic consumer spending ascended by the most for over 9-1/2 years, although price pressures were still muted.
Without energy and food, the core personal consumption expenditures price index was intact, sticking with 0.1% last month.
The Federal Open Market Committee is going to uncover its interest rate verdict at the end of a two-day gathering, which will start on Tuesday.
Moreover, up to 160 S&P 500 businesses, including Apple and Alphabet are expected to post their quarterly outcomes.
Experts currently expect gains of S&P 500 companies to slump by 0.3%, which appears to be an abrupt improvement from a 2% dive estimated at the beginning of April.
As trade negotiations enter their last leg, American negotiators make their way to China on Tuesday to negotiate details to conclude the protracted tariff clash between the two leading economies.
Expectations for a trade resolution as well as a dovish Fed stance has sparked a soar in shares from a dive late last year, bringing the S&P 500 index 0.04% down of its all-time maximum of 2,940.91 points reached in September.
ET, Dow e-minis rallied by 0.03%. Additionally, S&P 500 e-minis were intact, while Nasdaq 100 e-minis tumbled by 0.02%.
Among shares, Walt Disney managed to ascend by 1.5%.
Besides this, Boeing slumped by 0.9%, while Alphabet Inc ascended by 0.2%.
The US-China trade war escalates
More tariffs were introduced
Stocks of technological companies fell, pay attention to earnings
Yesterday, the US Justice Department announced a broad antitrust review ...
Futures head south after China data points to decelerating retail sales
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…
Crypto assets decline as OECD demands global ICO regulation
On Monday, crypto assets tumbled due to the fact that the Organization for Economic Cooperation and Development drew attention to the necessity of the global regulation of initial coin offerings…
German exporters don’t care about stronger euro
German exporters demonstrate ascending optimism as for their business prospects because growing demand from other euro zone countries helps to compensate worries regarding the strengthening currency, as the Ifo economic institute told on Wednesday…
Japan's October machinery orders tack on
In October, Japanese machinery orders rebounded with a faster soar than anticipated, thus re-affirming the resilience of capital spending, which is a major driver in the Japanese economy's almost two-year expansion…