US & European Futures on Up Note
- Trade Magnates Team
- Oct 18, 2017
- 1 min read
Trade Magnates -Third quarter earnings results move the US futures up on Wednesday. Dow futures increased around 50 points, S&P500 futures 2.5 points up, while Nasdaq100 future was 3.5 points down. Biotech firm Shire plc (NASDAQ: SHPG) was down 1.32% amid pressure from activist fund Sachem Head Capital Management to spin off or sell its assets.
Investors are watching closely today to the major economic news starting with Building Permits for September, Crude Oil inventories which measures the weekly change in the number of barrels of commercial crude oil held by US firms, Federal Reserve Bank of New York President, William Dudley, and Federal Reserve Bank of Dallas President, Robert Kaplan speeches later today.
Still, all eyes are on who will be the next head if Federal Reserve replacing the current Chair Janet Yellen. The decision is expected to be made by November the 3rd by President Trump, will the expectation come true and the next head to be more hawkish?
European stocks have also increased with the German Dax up over 60 points and the FTSE100 rose around 20 pips.