Tuesday, 22 August 2017

US equity index futures down amid empty calendar

Posted by Valentine at 03:42 Labels:

Wall Street top three stock indexes were set for higher open in pre-session hours on Tuesday, with market participants getting excited about the upcoming Jackson Hole symposium.

The annual event gather policymakers from all around the globe to discuss an specific. Policymakers are expected to provide some guidance on future policy changes.

On Monday, US stock indexes were mixed, with investors focusing on higher tensions between the United States and North Korea, while falling oil prices weighed on the energy sector.

As the United States and South Korea kicked off a fresh edition of their joint military exercises this week, North Korea threatened with a “merciless nuclear attack”.

The Dow Jones Industrial Average ended 0.03 percent higher at 21,680.17, while the S&P 500 added 0.12 percent to 2,428.37 and the Nasdaq Composite was down 0.05 percent at 6,213.13.

  • Dow Jones Industrial Average: 29.24 / 0.13% / 21703.75
  • Standard & Poor’s 500: 2.82 / 0.12% / 2428.37
  • Nasdaq Composite: -3.40 / -0.05% / 6213.13

The political scenario is currently playing an important role for investors, as recent conflicts between President Donald Trump and top business advisors increased concerns about the administration’s ability to push key campaign reforms in Congress.

Overnight, President Trump also revealed his strategy to keep American soldiers in Afghanistan, reassuring the country’s commitment to support Kabul and asking Pakistan and India to contribute on the economic development.

"We appreciate India's important contributions to stability in Afghanistan but India makes billions of dollars in trade from the United States and we want them to help us more with Afghanistan, especially in the area of economic assistance and development."

No relevant reports were published on Monday, nor Fed speakers were on schedule. Today, the agenda also remains light in the United States.

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