Home / Business / US futures rise after Draghi signs interest rate cuts by Investing.com

US futures rise after Draghi signs interest rate cuts by Investing.com

© Reuters.

Investing.com – US futures were higher on Tuesday as investors continued to be optimistic about the prospects of easing the central bank to support the economy.

The President of the European Central Bank, Mario Draghi, felt that interest rate cuts or further purchases of assets would be justified unless Eurozone inflation picks up amid a broadly synchronized global economic downturn stemming from the trade dispute between US and China, seems unlikely.

Draghi's comments appear at the beginning of his two-day political meeting.

The Fed is not expected to cut interest rates this week, but traders have increased their expectation that they will cut interest rates this year to support an economy that appears to be slowing down more and more. The New York Fed's Manufacturing Index saw its largest monthly decline this week, with a sharp decline in attitudes again this month. 40 GMT), while it increased by 87 points or 0.3% and rose by 1

1 points or 0.4%.

Moneygram (NASDAQ) rose 154% in premarket trading after it learned that Blockchain startups had invested $ 50 million in the money transfer company to achieve this boost their token, XRP.

Meanwhile, Facebook (NASDAQ 🙂 gained 2.4% as it announced more details of its own cryptocurrency project called Libra.

Tesla (NASDAQ 🙂 rose 1.9%, helped by CEO Elon Musk's decision to delete his Twitter and Beyond Meat (NASDAQ 🙂 rose 8.9%.

Boeing (NYSE 🙂 climbed 0.7%, although on the first day of the Paris Air Show, it did not announce any new orders for one of its aircraft from two fatal crashes with its 737 MAX. The rival aircraft manufacturer Airbus (PA 🙂 has received orders for 123 aircraft.

Perrigo (NYSE 🙂 fell 0.5%, while Carnival (NYSE 🙂 lost 0.5% as a group of Alaskan fishermen approached the cruise on a $ 20 million settlement with the prosecutor Violations of pollution.

In data and for May at 8.30 am CET (12.30 pm CET).

Commodities fell 0.7% to $ 51.80 a barrel, up 0.5% to $ 1,349.15 a troy ounce, while the dollar outperformed a basket of six major currencies increases by 0.1% to 97.190 The data contained on this website need neither be real-time nor correct. All CFDs (stocks, indices, futures) and forex prices are not provided by exchanges, but by market makers. Therefore, prices may not be accurate and may differ from the actual market price. This means that prices are indicative and not suitable for trading purposes. As a result, Fusion Media assumes no responsibility for any trade loss that you may incur as a result of using this data.

Fusion Media or a person affiliated with Fusion Media assumes no responsibility for any loss or damage of confidence in the information contained on this site, including data, quotations, graphics, and buy / sell signals. Please inform yourself comprehensively about the risks and costs associated with trading on the financial markets. This is one of the riskiest possible forms of investment.

Source link