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Dow Futures wary of Fedom, Dollar prolongs slump



Wednesday at the market

  • Global equities have mingled against the declining US dollar as investors expect a key policy statement on the Federal Reserve at 2:00 PM Eastern Time.
  • The dollar fell to a fresh two-year low against a basket of its global counterparts ahead of the Fed’s announcement, while traders were frightened by the collapse of consumer confidence in July and the approaching edge of government stimulus.
  • Congressional lawmakers are $ 2 trillion left on their rival coronavirus rescue plans, just days before the $ 18 billion unemployment benefit ends.
  • Six U.S. states recorded a record number of coronavirus deaths on Tuesday, raising fears that the recovery could lead to new trade and travel restrictions in the coming weeks, as well as school closures.
  • US stock futures suggest that before the start of trading, Wall Street will open more modestly ahead of the profits of Boeing and General Electric.

U.S. stock futures rose on Wednesday as the dollar returned to fresh two-year lows and bond yields continued to fall as traders prepared for a busy session highlighted by bluechip corporate earnings, a key Federal Reserve statement and ongoing stimulus talks in Washington.

Global equities mixed during the one-day auction, with Asian gains offset by a two-and-a-half-week low for the Nikkei 225 in Japan and bumpy markets in Europe, where the euro traded at the two-year dollar and corporate gains were largely disappointing this season. .




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