US Pre Market Open: Questions flagged over US China trade deal timing

Market Analysis /
08 Feb 2019


Index futures are looking at a lower start to the week’s final session, with news that Donald Trump won’t meet Chinese officials until some time after the March 1st deadline for tariff increases has passed serving to weigh on sentiment. There’s a general lack of macroeconomic fundamentals in play right now, so consequently the market is putting a lot of weight on emotive subjects like this and until there’s some clarity over whether the import levies will be deferred until after that meeting has taken place, downside pressure may well prevail.

Twitter reported earnings yesterday, but despite beating revenue estimates amidst speculation that it’s less toxic nature as a social media channel was helping sales, a cautionary note over rising costs saw the stock flounder. Being Friday, the earnings beat is somewhat lighter for the day ahead, whilst economic data will focus on the US consumer credit reading from December. Again this could highlight signs of a slowdown that would do little for market confidence, especially as a dovish footing from the Fed has already been priced in.

Ahead of the open, we’re calling the DOW down 65 at 25105 and the S&P down 6 at 2700.  

The information provided here has been produced by third parties and does not reflect the opinion of AxiTrader. AxiTrader has reproduced the information without alteration or verification and does not represent that this material is accurate, current, or complete and it should not be relied upon as such. The Information is not to be construed as a recommendation; or an offer to buy or sell; or the solicitation of an offer to buy or sell any security, financial product, or instrument; or to participate in any particular trading strategy. Readers should seek their own advice. Reproduction or redistribution of this information is not permitted.

More on this topic

See More News

Open your account. Apply in minutes.

Start your trading journey with a trusted, regulated, multi-award winning broker.

Open Account Try a Free Demo