UNB, Hong Kong :
World stock markets were mixed on Wednesday as momentum from Wall Street’s rally faded. Investors were watching for economic data and remarks from the Fed chief to provide direction.
KEEPING SCORE: European indexes were mixed in early trading. France’s CAC 40 lost 0.2 percent to 5,357.71 while Germany’s DAX rose 0.2 percent to 12,924.72. Britain’s FTSE 100 was practically unchanged at 7,466.89. Wall Street was poised to open slightly lower, with Dow futures down less than 0.1 percent to 22,602.00 and broader S&P 500 futures slipping less than 0.1 percent to 2,531.20.
LOOKING FOR LEADS: With some key Asian markets closed, investors had little basis for their trading and were seeking fresh leads elsewhere. Sentiment was lifted by U.S. auto sales data showing the first monthly sales gain for the year in September as drivers replaced cars destroyed by Hurricane Harvey. Markets were awaiting more U.S. data later in the day, including the monthly private ADP payroll report and the ISM non-manufacturing index. The figures will provide the latest insights into the world’s biggest economy, which could factor into the Federal Reserve’s plan to raise interest rates again by the end of the year.
FED: Investors were also awaiting a speech by Fed Chair Janet Yellen as speculation swirls over who President Donald Trump will tap to lead the U.S. central bank when her term ends early next year.
World stock markets were mixed on Wednesday as momentum from Wall Street’s rally faded. Investors were watching for economic data and remarks from the Fed chief to provide direction.
KEEPING SCORE: European indexes were mixed in early trading. France’s CAC 40 lost 0.2 percent to 5,357.71 while Germany’s DAX rose 0.2 percent to 12,924.72. Britain’s FTSE 100 was practically unchanged at 7,466.89. Wall Street was poised to open slightly lower, with Dow futures down less than 0.1 percent to 22,602.00 and broader S&P 500 futures slipping less than 0.1 percent to 2,531.20.
LOOKING FOR LEADS: With some key Asian markets closed, investors had little basis for their trading and were seeking fresh leads elsewhere. Sentiment was lifted by U.S. auto sales data showing the first monthly sales gain for the year in September as drivers replaced cars destroyed by Hurricane Harvey. Markets were awaiting more U.S. data later in the day, including the monthly private ADP payroll report and the ISM non-manufacturing index. The figures will provide the latest insights into the world’s biggest economy, which could factor into the Federal Reserve’s plan to raise interest rates again by the end of the year.
FED: Investors were also awaiting a speech by Fed Chair Janet Yellen as speculation swirls over who President Donald Trump will tap to lead the U.S. central bank when her term ends early next year.
