Monday, February 29, 2016

Wall Street: towards an opening on an uncertain note. – The Express

Wall Street should open on an uncertain note of Monday morning, investors waiting for the day the two statistics to position itself on the market.

A half hour before opening, the futures contracts on major US indices are in balance or up 0.1%, the premise of a relatively stable opening.

Chinese shares fell nearly 3% in the night, affected by a further decline of the yuan amid persistence concerns about the health of the global economy second.

The decline in Shanghai and Shenzhen is nevertheless offset by the effect of oil prices (+ 0.5% to almost 33 dollars) which should support the energy sector as a whole.

The trend is expected to narrow with the publication shortly after the opening of the Chicago PMI, expected to decline, and promises of real estate sales.

‘After the inflation figures last week, investors want to have elements of whether the Fed will raise rates sooner than expected, “said one trader.

The promise of real estate sales will especially serve as a barometer for the state of the US housing sector, very important for the US economy.

As an indication, economists expect a 0.6% increase of these promises in January, following the 0.1% recorded the previous month.

Copyright (c) 2016 CercleFinance.com. All rights reserved.

LikeTweet

No comments:

Post a Comment