Investing.com - U.S. futures rose on Wednesday after a trio of central bank rate cuts, while the dollar made only modest gains against the yuan as rhetoric over U.S.-China trade tensions calmed down.
Investing.com - U.S. futures rose on Wednesday after a trio of central bank rate cuts, while the dollar made only modest gains against the yuan as rhetoric over U.S.-China trade tensions calmed down.
Policymakers around the world have moved towards easing monetary policy as the U.S.-China trade conflict has slowed the global economy.
Policymakers around the world have moved towards easing monetary policy as the U.S.-China trade conflict has slowed the global economy.
New Zealand’s central bank unexpectedly cut its benchmark policy rate to an all-time low, while the central banks of India and Thailand also cut rates due to slowing economic growth.
New Zealand’s central bank unexpectedly cut its benchmark policy rate to an all-time low, while the central banks of India and Thailand also cut rates due to slowing economic growth.
Nasdaq 100 futures rose 44 points or 0.6% by 6:42 AM ET (10:42 GMT), while Dow futures rallied 91 points or 0.4% and S&P 500 futures gained 10 points or 0.4%.
Nasdaq 100 futures rose 44 points or 0.6% by 6:42 AM ET (10:42 GMT), while Dow futures rallied 91 points or 0.4% and S&P 500 futures gained 10 points or 0.4%.
The People’s Bank of China set its official yuan rate at a decade low, but still kept it below the symbolically-important level of 7 to the dollar, at 6.9996. The offshore yuan has steadied over the last two days, with USD/CNH up 0.3% on Wednesday to 7.0755.
The People’s Bank of China set its official yuan rate at a decade low, but still kept it below the symbolically-important level of 7 to the dollar, at 6.9996. The offshore yuan has steadied over the last two days, with USD/CNH up 0.3% on Wednesday to 7.0755.
Walt Disney (NYSE:DIS) slumped 3.1% in premarket trade after its fiscal third-quarter earnings missed estimates due to the costs of integrating Fox’s entertainment assets. The company also announced a bundled streaming service of Disney, ESPN and Hulu for $12.99 a month. Streaming giant Netflix (NASDAQ:NFLX) was up slightly after the news, rising 0.7%.
Walt Disney (NYSE:DIS) slumped 3.1% in premarket trade after its fiscal third-quarter earnings missed estimates due to the costs of integrating Fox’s entertainment assets. The company also announced a bundled streaming service of Disney, ESPN and Hulu for $12.99 a month. Streaming giant Netflix (NASDAQ:NFLX) was up slightly after the news, rising 0.7%.
Luxury car company Tesla (NASDAQ:TSLA) dipped 0.5% after Bloomberg reported that the U.S. National Highway Traffic Safety Administration is scrutinizing the company for not complying with its Model 3 safety guidelines.
Luxury car company Tesla (NASDAQ:TSLA) dipped 0.5% after Bloomberg reported that the U.S. National Highway Traffic Safety Administration is scrutinizing the company for not complying with its Model 3 safety guidelines.
Match Group (NASDAQ:MTCH) soared 18.1% after the online dating company beat Wall Street forecasts for its second-quarter earnings, while Weight Watchers (NASDAQ:WW) jumped 28.5% after it also reported higher-than-expected results.
Match Group (NASDAQ:MTCH) soared 18.1% after the online dating company beat Wall Street forecasts for its second-quarter earnings, while Weight Watchers (NASDAQ:WW) jumped 28.5% after it also reported higher-than-expected results.
In commodities, crude oil fell 0.2% to $53.52 a barrel. Gold futures jumped 1.2% to a new six-year high of $1,503.25 a troy ounce before retracing slightly, while the U.S. dollar index, which measures the greenback against a basket of six major currencies, was up 0.1% to 97.507.
In commodities, crude oil fell 0.2% to $53.52 a barrel. Gold futures jumped 1.2% to a new six-year high of $1,503.25 a troy ounce before retracing slightly, while the U.S. dollar index, which measures the greenback against a basket of six major currencies, was up 0.1% to 97.507.