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Wall Street in the midst of recession fears



US. Stock index futures developed positively on Thursday morning after China wanted to resolve its protracted trade dispute with the world's largest economy with a "quiet" stance.

Around 04:00 CET, Dow futures rose 184 points, indicating a rise Positive opening of more than 197 points. The futures on the S & P and Nasdaq were both slightly higher, triggering earlier losses.

Asked about the continuing US trade war, the Chinese Ministry of Commerce said Thursday it was against escalating trade tensions.

The comments appeared to reassure investor concerns at a time when many are worried about the possibility of a global recession.

On Wednesday, the 30-year US Treasury rate dropped to an all-time low, while the US yield curve even reversed.

The close gap between the 1

0-year yield and the 2-year interest rate fell briefly to negative 6 bps in the previous session. The move extended losses early in the week when the spread hit its lowest level since 2007.

A 10-year rate below the 2-year rate is seen by bond traders as a key predictor of a recession, which is an unusual phenomenon as bondholders receive better compensation in the short term.

US Bond yields were slightly above Thursday's record lows.

Data, income

On the data front, the latest weekly jobless claims, a second reading of GDP for the second quarter (Gross Domestic Product) and early economic indicators released for July are expected to all be released at 8:30 pm.

Pending home sales for July follow a little later in the session.

In corporate news, the Toronto-Dominion Bank, Best Buy and Dollar General are among some of the companies It is expected that the results will be released before the opening bell.

Dell, Marvell Tech and Workday are expected to release their latest quarterly results after market close.


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