Stock futures fall slightly as Wall Street focuses on tense debt ceiling negotiations

Stock futures decreased a bit on Sunday evening as the traders monitored the negotiations.

Futures of Dow Jones industrial decreased by 48 points which is 0.1%. S&P 500 futures decreased by 0.2% and Nasdaq 100 futures also decreased by 0.1%.

Stocks increased in the previous week even though there was uncertainty in Washington. The Nasdaq composite increased 3.04%. S&P 500 increased 1.65%. Dow Jones increased 0.38%.

“Current violations are not low, but rarely are low during profits recessions. On cyclically adjusted earnings, valuations argue for price returns of 5% per year for the S&P 500 over the next decade,” Subramanian said.

Thai stocks are not very great with their performance in Southeast Asia. But UBS says Thailand is the top pick.

Japan’s core machinery orders decreased by 3.9%. Economists polled by Reuters had expected the reading to increase by 0.7% month by month. Compared to last year machinery orders decreased by 3.5%. Japanese machinery orders increased by 9.8% year by year.

For the ninth consecutive month, China’s People’s Bank kept its benchmark lending rates unchanged.

Economists polled by Reuters expected China to leave its 1-year loan prime rate at 3.65% and its 5-year loan prime rate at 4.30% unchanged.

Yuan onshore fell 0.2% to 7.0205 against the dollar. The stock futures decreased on Sunday evening. Dow Jones decreased about 0.2%. S&P 500 and Nasdaq Decreased by 0.3%.

- Published By Team Nation Press News