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Home / Business / US equity futures are slipping as the S & P 500 appears on a bear market

US equity futures are slipping as the S & P 500 appears on a bear market



(Bloomberg) – US equity index futures fell after a troubled start. This suggests that the benchmark for US equities could close on the S & P 500 index at the reopening of the cash markets on December 26 (19659002) fell 0.4% in Singapore after a decline at 1:44 pm 1.1 percent and a 0.5 percent increase in volatile trading. Futures on the Nasdaq 1

00 Index and the Dow Jones Industrial Average fell 0.6 and 0.5 percent, respectively. The benchmark value for US equities is 7 points from a complete bear market decline.

Trump called Mnuchin a "very talented man, very clever person" when he answered the questions of reporters in the White House after he turned to the US members of the armed forces on Christmas day. He also said that the central bank "raises interest rates too fast", but he has "confidence" that the Fed "will soon make it." Mnuchin spoke to Trump several times over the weekend and also after a brutal trading day. On Christmas Eve, CNN reported citing a source near the White House.

"Markets have pretty much decided how nervous they want to be – very much," said Steve Englander, global G-10 foreign exchange research director and North American macro strategy for Standard Chartered Bank. "The question is what is the main driver of the excitement – economic worries, Fed policy, Trump-Fed conflict and slowing global growth. Nothing is very encouraging at the moment. "

The US stock market has thrown the floor in a year of major upheavals. The Nasdaq Composite went into a bear market last week and the US benchmark is nearing the end of the longest ever bull market. Even Donald Trump's letter of confidence last Tuesday did not reassure markets after Bloomberg News reported that the president had been discussing raising the head of the central bank over interest rate hikes.

"It's very unusual for the market to be biased Participants are at a disadvantage this time of year and there's not much time to fix it," said Walter Bucky Hellwig, senior vice president of BB & T Wealth Management in Birmingham, Alabama, by phone. "I'm not a trader, but I checked the futures three times on Sunday and watch the futures on a Christmas Eve, so if you make such moves, you just can not ignore them."

Bernd Berg, global The macro and FX strategist at Woodman Asset Management is not optimistic. "We are in the middle of the worst storm on the global financial markets since the 2008 crisis, with the markets collapsing from New York to Tokyo," he said. "With global central banks unlikely to be salvaged this time around, the global market crash could continue into next year."

In other countries, the Japanese Topix Index surged nearly 2 percent on Wednesday after plummeting nearly 5 percent on Christmas. The Nikkei 225 Stock Average, which entered a bear market yesterday, triggered its profit and fell 0.3 percent.

"As far as futures are concerned, the market is undecided at the moment," said Jingyi Pan, market strategist of IG Asia Pte. "The rather empty calendars and empty desks after Christmas could mean that the fall could not possibly be stopped," she said.

To contact the reporter on this story: Sarah Ponczek in New York at sponczek2 @ bloomberg .net

To contact the editors responsible for this story: Divya Balji at [email protected]; Jeremy Herron at [email protected], Tom Redmond

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