Before the opening of US stock markets: futures falling under the influence of concerns about slowing growth in China
Before the opening of US stock markets: futures falling under the influence of concerns about a slowdown in China’s economy
Before opening the futures market S P located at 2065.00 (-0.71%), futures NASDAQupal 0.75% to 4477.00.
The external background is very negative. Major Asian stock indices ended the session in negative territory. Losses in Europe the main stock index currently exceeds 1%.
Nikkei 20,392.77 -327.98 -1.58%
Hang Seng 23,916.02 -582.19 -2.38%
Shanghai Composite 3,887.3 -40.60 -1.03%
FTSE 6,590.71 -73.83 -1.11%
CAC 4,974.92 -124.11 -2.43%
DAX 11,037.11 -256.54 -2.27%
September Nymex WTI crude oil futures are currently traded at $ 43.53 per barrel (+ 1.02%)
Gold is trading at $ 1117.50 per ounce (+ 0.92%).
Futures on major US stock indices premarket bear substantial losses caused by re-is China. The government devalued the yuan again, although this time the scale of the devaluation were less significant. Today, the People’s Bank of China lowered the indicative rate of RMB against the US dollar to CNY6.3306 level Tuesday session ended at CNY6.3231 around. On the eve of the regulator set a course for CNY6.2298 level. The central bank tried to calm the markets, stating that it is a one-off step and intentions constantly reduce course not. Nevertheless, fears of a new wave of global currency wars grew in the markets. Also, the Chinese central bank’s actions confirmed the fears of market participants regarding the deterioration in China’s economy.
Among the corporate nature of the posts it is worth noting the news of the sale by General Electric (GE) of the division of financial services in the health sector. Buyer of US bank holding company Capital One (COF). The deal amounted to about $ 9 billion. The purchase of this division takes place in the framework of the announced in April, the company’s restructuring plan, according to which GE plans to sell most of its GE Capital division of assets. We also learned that GE has found a buyer for its investment assets in real estate. Who exactly will make the buyer, not reported, but it is known that the amount of the deal is $ 600 million. GE shares against general negativity suffer losses in premarket trading.
In the focus of the markets are data on the level of vacancies and labor turnover in the United States, which will be released at 14:00 GMT. The report can have a significant impact on the expectations of the Fed raising interest rates at the September meeting. According to the average forecast in July, the number of open positions should be reduced to the level of 5.3 mln. Against 5.363 in May.