The trading on Wall Street expected to open with declines in light of the uncertainty surrounding the economic policies of Trump.
After a positive locking in New York over the weekend, today (Monday) the markets on Wall street opened the trading day with declines.
Wall Street stock markets are expected to open on a negative trend today towards the speech of the Fed Chairman, Janet Yellen, where investors hope to get a final confirmation that the Fed will raise the interest rates at its meeting in less than two weeks.
The markets on Wall street are expected to open today in stability.
Investor attention will be given as of the beginning of trading in shares of snapchat app, yesterday it was issued at a value of $ 24 billion.
At the beginning of the trading day on Wall Street, the Dow Jones Industrial Average jumping by 1.2% and for the first time broke the 21,000 point level, and completes a jump of more than 6.5% this year.
The trading on Wall Street is expected to open today with stability, that is reflected in futures contracts on leading stock indices.
The European markets opened today (Tuesday) the trading day on a positive trend at the background of rising prices that have signed yesterday the trading on Wall Street.
The Asian stock markets trading is conducted today with rising prices, after yesterday there was no trading on Wall Street due to the “Presidents Day”.
The European indexes yesterday closed unchanged, except for the German DAX index which rose by 0.6%.
Good economic news from French, as when the local economy grows fastest since 2011 as services strengthen.
A composite purchasing managers’ Index climbed to 56.2 from 54.1 in January.
In the UK, HSBC shares slide after 62% profit fall.
HSBC attributed the fall to a string of one-off charges, including the sale of its operations in Brazil.
HSBC said its performance had been “broadly satisfactory” given “volatile financial conditions” but warned a rise in global protectionism was a concern.
The bank also announced a smaller-than-expected share buyback.
That also helped undermine shares, which were down by 5% in London.
Among global investors there are feared that the statistical office of President Donald Trump economic data going to be modified.
Trump has not appointed yet anyone from the Council of Economic Advisers in the White House.
The fears of manipulation of the data also arise from the unusual approach of Trump administration’s interpretation of economic data.
The president himself is talking about “real” unemployment much higher than the official, and uses data which cover all citizens of working age who are not employed.
There will be no trading day on Wall Street in honor of the PRESIDENTS DAY.
Investors are waiting to see what is the direction of President Donald Trump regarding his economic policy as well as the tax returns policy.
The future contracts on Wall street are pointing of a small decline at the start of the last trading day for this week.