Offbeat: US stocks set to open slightly lower amid Iran sanctions, upcoming midterms - - PressFrom - US
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OffbeatUS stocks set to open slightly lower amid Iran sanctions, upcoming midterms

13:00  05 november  2018
13:00  05 november  2018 Source:   cnbc.com

Iran's Rouhani says U.S. isolated against Iran: state TV

Iran's Rouhani says U.S. isolated against Iran: state TV Iranian President Hassan Rouhani said on Saturday that the United States was isolated among its traditional allies in its confrontation with Iran, and that even Europe was siding with Tehran against the reimposition of U.S. sanctions. "It does not happen often that the U.S. makes a decision and its traditional allies abandon it," Rouhani told parliament in a speech carried live on state TV, in a session to discuss a cabinet reshuffle. "A year ago no one would have believed ... that Europe would stand with Iran and against America.

U . S . stock futures pointed to a slightly lower open on Monday as investors turned focus to fresh sanctions on Iran and the upcoming midterm elections. As of 4:22 a.m. ET, Dow futures slipped by 73 points, indicating a lower open of -64.83 points. S&P 500 and Nasdaq futures also dipped slightly

US stocks set to open slightly lower amid Iran sanctions , upcoming midterms . U . S . stock futures pointed to a slightly lower open on Monday as investors turned focus to fresh sanctions on Iran and the upcoming midterm elections.

US stocks set to open slightly lower amid Iran sanctions, upcoming midterms© Andrew Burton/Getty Images U.S. stock futures pointed to a slightly lower open on Monday as investors turned focus to fresh sanctions on Iran and the upcoming midterm elections.

As of 4:22 a.m. ET, Dow futures slipped by 73 points, indicating a lower open of -64.83 points. S&P 500 and Nasdaq futures also dipped slightly.

Stocks were hit with a wild bout of volatility during Friday's trading session amid conflicting comments and reports on global trade. Trump's economic advisor Larry Kudlow told CNBC there was "no massive movement to deal with China," contradicting an earlier report that Trump had asked officials to prepare a draft for a U.S.-China trade deal.

Iranians already straining under U.S. sanctions brace for more

Iranians already straining under U.S. sanctions brace for more Iranians are bracing for a new round of U.S. sanctions that President Trump plans to impose as early as next Monday . According to the White House, one of the main goals of the sanctions is to pressure Iran's government into negotiating a new and improved nuclear deal.CBS News was in Tehran for a day of mourning in Iran's religious calendar, as thousands of the devout joined a solemn procession. There wasn't a soul in the crowd that hasn't already felt the bite of U.S. sanctions that were reimposed in August. © CBS News Tehran, Iran. Mr.

U . S . stock markets were expected to open lower on Thursday, judging by trade in equity index We hear from investors they are increasingly concerned stock market valuations look overblown, and Analysts expect weekly jobless claims to come in at around 279,000, down slightly from last week's

Sputnik - Chinese major stock exchanges opened on Monday with a slight decrease amid the looming introduction of the new package of US sanctions The first round of sanctions against Iran took effect in August. Later on Monday, the second batch of US restrictions against Iran , is set to come

On Monday, Chinese President Xi Jinping reiterated his rhetoric against protectionism and commitment to free trade in a speech. Xi said his country was pursuing "a new round of high-standard opening up" to broaden market access to the rest of the world.

Meanwhile, another round of sanctions on Iran come into effect on Monday, and Iran has not taken kindly to Washington's economic pressure on the country. Iranian President Hassan Rouhani reportedly said on state television that the country will "continue to sell our oil ... to break sanctions," defying the U.S.

Upcoming midterm elections will likely be the main focus for investors this week, with U.S. voters heading to the polls on Tuesday. An NBC News/Wall Street Journal poll, released Sunday, showed the Democrats leading with a 7 point advantage ahead of the vote. Trump is set to hold campaign rallies in Ohio, Indiana and Missouri on Monday.

On the earnings front, Booking Holdings and Occidental Petroleum are set to report earnings after the bell on Monday.

In economic data, services PMI and ISM non-manufacturing figures are due to be released today at 9:45 a.m. ET and 10 a.m. ET respectively.

Wall Street set for lower open amid oil volatility; inflation data in focus.
U.S. stock futures pointed to a negative open on Wednesday amid volatility in the oil market and as investors looked ahead to upcoming inflation data. As of 4:40 a.m. ET, Dow Jones Industrial Average futures were 78 points lower, indicating a lower open of -23 points, while S&P 500 and Nasdaq futures were also in the red. require(["medianetNativeAdOnArticle"], function (medianetNativeAdOnArticle) { medianetNativeAdOnArticle.

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