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Offbeat US stocks set to open lower as central banks tighten policy

12:52  14 june  2018
12:52  14 june  2018 Source:   cnbc.com

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FRANKFURT: Tightening policy by a notch just one day apart, the world’s top two central banks will hope to signal confidence in global economic growth, despite risks of a trade war, currency swings and political turbulence.

Subscribe. EconomyGlobal Markets. US stocks set to open lower . Basic resources stocks declined in Europe on speculation over further Chinese monetary policy tightening to cool inflation.

  US stocks set to open lower as central banks tighten policy © Richard Drew/AP Photo   U.S. stock index futures pointed to a lower open Thursday morning as investors digested comments from the Federal Reserve.

At around 4:06 a.m. ET, Dow futures slipped 27 points, indicating a negative open of 31.20 points. The Nasdaq and the S&P 500 futures also indicated a lower start to the session for their respective markets.

The moves in pre-market trade came after the Federal Reserve announced a new rate hike and indicated that two other increases are possible until the end of the year. As a result, the Dow fell about 120 points as traders expect that the higher rates will bring higher costs for companies.

US stocks set for a positive open on expectations of an end to easy money

  US stocks set for a positive open on expectations of an end to easy money U.S. stock index futures rose ahead of the open on Thursday, as investors grow confident that higher interest rates are underway. Around 4:09 a.m. ET, Dow futures rose 96 points, indicating a higher open of 92.61 points. The Nasdaq and the S&P 500 futures indicated a solid start to the session for their respective markets too.The moves in pre-market trade followed a strong session Wednesday with the Dow closing 346.41 points higher. The move was supported by bank stocks that surged on expectations of an end to easy money in Europe and of higher interest rates.

NEW YORK, March 18 (Reuters) – U . S . stocks were set to fall at the open on Wednesday ahead of a highly anticipated statement and news conference by the Federal Reserve later in the session, with the Fed expected to give clearer clues on how soon it plans to tighten monetary policy . The U . S . central

Tightening policy occurs when central banks raise the federal funds rate, and easing occurs when central banks lower the federal funds rate. In a tightening policy environment, the Fed can also sell Treasuries on the open market in order to absorb some extra capital during a tightened monetary

In Europe, policymakers at the European Central Bank are also due to discuss monetary tightening on Thursday.

In terms of data, there will be jobless claims and retail sales due at 8:15 a.m. ET and 8:30 a.m. ET, respectively.

Meantime in earnings, Adobe Systems is scheduled to publish its latest corporate results.

In oil markets, crude prices eased Thursday, on higher output. Brent traded 0.4 percent lower at $76.40 a barrel and WTI was off by 0.11 percent at $66.58.

US stocks expected to rebound in the triple-digits, after Dow dropped almost 300 points .
U.S. stock index futures turned positive ahead of Wednesday’s open, as markets tried to reclaim some footing after losing significant ground in the previous session. Around 5:30 a.m. ET, Dow futures rose 121 points, indicating a positive open of 124.79 points. The Nasdaq and the S&P 500 futures also indicated solid gains at the start of their respective trading session. The moves in pre-market trade came after Wall Street posted heavy losses during Tuesday's session. U.S.

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