President Trump is facing impeachment when the House of Representatives announces a resolution. A conviction requires a majority of two-thirds.
Major economic announcements on Wednesday are the Beige Book, the December Consumer Price Index, and the Atlanta Federation’s Business Inflation Expectations.
Asian stocks ended up mixed, but European stocks are declining.
The first signs from the US futures index suggest that Wall Street may open lower.
As of 7:30 AM EST, Dow futures fell 58.00 points, S & P 500 futures fell 10.50 points and Nasdaq 100 futures fell 20.75 points.
Major US indices closed high on Monday. The Dow ended the day at 31,068.69 with a 60 point or 0.19 percent rise after rising to a high of 31,114.56. The S & P 500 rose 1.58 points (0.04%) to settle at 3,801.19 and the Nasdaq rose 36 points (0.28%) to 13,072.43.
Economically, the December Consumer Price Index will be published at 8:30 EST. The consensus was up 0.4%, compared with a 0.2% increase in November.
The January Fed’s Business Inflation Expectations Report will be released at 10 am Eastern Standard Time. The year-on-year growth rate for the previous month was 2.0%.
This week’s Energy Information Agency or EIA oil status report is scheduled for 10:30 EST. Crude oil inventories fell 8 million barrels last week and gasoline inventories increased 4.5 million barrels.
The 30-year Treasury bond auction will take place at 1:00 pm Eastern Standard Time.
The Beige Book, created two weeks before the Federal Open Market Committee’s Monetary Policy Conference, is scheduled for today at 2:00 pm EST.
The December US Treasury Statement will be published at 2:00 pm Eastern Standard Time. The consensus was a deficit of $ 195 billion, which was $ 145.3 billion a month ago.
Federal Reserve Bank of St. Louis President James Bullard Participates in Moderated Discussions on the United States Economy Monetary policy before the Reuters Next Virtual Forum via Zoom at 9:30 AM EST.
Federal Reserve Board of Governors Lael Brainard will speak on “Economic Outlook and Full Employment” before the virtual event. Mike McLaken speaks to the Canadian Business Economic Association on full employment.
Federal Reserve Bank Governor Patrick Harker will attend an interview on the economy before the virtual Great Philadelphia Economic Outlook ’21 at 2:00 pm Eastern Standard Time.
Federal Reserve Vice-Chair Richard Clarida participates in discussions on “New Federal Reserve Framework: Situations and Results” before the Virtual Hoover Institutional Monetary Policy Conference: 3:00 pm to the ET Central Bank road.
Asian stocks on Wednesday showed mixed performances. Chinese stocks have fallen. The benchmark Shanghai Composite Index fell 9.69 points (0.27%) to 3,598.65, and the Hang Seng Index in Hong Kong fell 0.15% to 28,235.60.
Japanese stocks rose on the fifth day. The Nikkei average rose 292.25 points (1.04%) to a record high of 28,456.59 for the first time in 30 years. The broader Tokyo Stock Price Index closed at 1,864.40, up 0.35 percent.
Australian person market It fluctuated before it ended slightly higher that day. The benchmark S & P / ASX 200 rose 7.50 points (0.11%) to 6,686.60, while the broader All Ordinaries index rose 14.80 points (0.21%) to 6,953.90.
European stocks are mostly traded high. Among the major indices in the region, Germany’s DAX is down 34.93 points (0.25%) and the UK’s FTSE 100 index is down 13.94 points (0.21%).
The Swiss Market Index adds 7.48 points or 0.07 percent.
The Eurostocks 50 Index, which summarizes the 50 best stocks in the euro area, has fallen 0.46%.
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Futures refer to lowering Wall Street openness
Source link Futures refer to lowering Wall Street openness