Investors awaited a flurry of U.S data in coming sessions that may test hopes that the Federal Reserve is near the end of its monetary tightening cycle
U.S. stock futures rose on Wednesday ahead of a busy few days of top drawer economic data and commentary.
How are stock-index futures trading On Tuesday, the Dow Jones Industrial Average DJIA fell 11 points, or 0.03%, to 33136, the S&P 500 SPX declined 15 points, or 0.4%, to 3824, and the Nasdaq Composite COMP dropped 80 points, or 0.76%, to 10387. On Wednesday the December ISM manufacturing index will be published alongside job opening figures for November, both due at 10 a.m. Eastern. Then at 2 p.m. the Fed will release the minutes of its December policy meeting.
“The market continues to price in the likelihood of a further 0.25% interest rate rise from the Fed in February, with a terminal rate of around 5% later in the year,” said Richard Hunter, head of Markets at Interactive Investor.
Ireland Latest News, Ireland Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
US Federal Reserve, Other Agencies Continue to Warn Banks About CryptoThe federalreserve and others warn U.S. banks that issuing or holding crypto on their balance sheets isn’t safe. It’s the latest of several similar statements, including last month’s financial-risk report highlighting crypto. jesseahamilton reports
Read more »
Asia-Pacific markets set to trade mixed as investors look ahead to Fed minutesAsia-Pacific shares are set to trade mixed as investors look ahead to the Fed's meeting minutes, watching for signs of more interest rate hikes.
Read more »
European markets head for positive open as investors await Fed minutesEuropean markets are heading for a positive open as investors look ahead to the release of more U.S. economic data and minutes from the Fed's policy meeting.
Read more »
10-year Treasury yield falls as investors await Fed meeting minutes, key economic dataU.S. Treasury yields fell on Wednesday as investors awaited the Fed’s December meeting minutes, which could provide hints on the central bank’s policy plans.
Read more »
Asian markets mostly rise ahead of Fed updateAsian stock markets rose Wednesday ahead of the release of minutes from a Federal Reserve meeting that investors hope might show the U.S. central bank is...
Read more »
Fed Minutes to reveal divergence between doves and hawks on terminal rate – CitibankStrategists at Citigroup are of the opinion that the Minutes of the US Federal Reserve (Fed) December meeting could underscore the divergence between
Read more »