Futures flat with Fed minutes, inflation data in focus; Alphabet dips
For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window.
Google-parent Alphabet down on potential DOJ action
Boeing falls after talks with union halted
Fed minutes due at 2:00 p.m. ET
Futures down: Dow 0.01%, S&P 500 0.05%, Nasdaq 0.18%
Updated at 8:14 a.m. ET/1214 GMT
By Lisa Pauline Mattackal and Pranav Kashyap
Oct 9 (Reuters) - Futures tracking the Dow and the S&P 500 pointed to a steady open on Wednesday as investors awaited the minutes of the Federal Reserve's latest meeting, while Alphabet shares slippedafter the U.S. said it was considering breaking up Google.
Shares of Alphabet GOOGL.O were down 0.6%in premarket trading after the U.S. Department of Justice said it may ask a judge to force Google to divest parts of its business, including the Chrome internet browser and Android operating system, to curtail its search monopoly.
Futures tracking the tech-heavyNasdaq 100 lagged futures for the other two main U.S. indexes.
"(This is) just a reflection of how super-sized Big Tech has become. Any uncertainty there will feature into the rest of the market," said Ben Laidler, head of equity strategy at Bradesco BBI.
Dow E-minis 1YMcv1 were down 6 points, or 0.01%, S&P 500 E-minis EScv1 were down 3 points, or 0.05%, and Nasdaq 100 E-minis NQcv1 were down 36.25 points, or 0.18%.
Indexes closed higher on Tuesday after rebounding from Monday's selloff, with technology stocks leading the charge as U.S. Treasury yields eased.
Trading has been choppy this week, with investors adjusting their rate-cut expectations, seeking new catalysts for a clearer market direction. Key inflation data on Thursday and the upcoming third-quarter corporate earnings season are now in focus.
Minutes from the Fed's September meeting, when policymakers kicked off monetary policyeasing with a 50-basis-point rate cut, are due at 2:00 p.m. ET.
"We expect the FOMC minutes and tomorrow's CPI to be reassuring and calm these market nerves around the ability of the Fed to keep cutting interest rates," Laidler said.
"Anything in line with consensus will calm markets, which have been second guessing how much the Fed can cut."
Commentary from a number of Fed officials including Philip Jefferson, Thomas Barkin, Raphael Bostic and Mary Daly are also expected through the day.
Investors are overwhelmingly pricing in a 25-basis-point reduction in borrowing costs atthe Fed's November meeting, with some now seeing a slight chance the central bank will keep rates on hold, according to the CME FedWatch tool.
Prior to the release of strong employment data last week, markets were leaning towards an outsized 50-bps cut in November.
Among single stocks, Boeing BA.N lost 1.6% aftertalks between the company and its key manufacturing union broke down, sending a strike into its fourth week, with no sign of resolution.
Shares of Arcadium Lithium ALTM.N soared 30.7%after Rio Tinto RIO.AX said it would acquire the miner for $6.7 billion. Rio Tinto's U.S.-listing RIO.N slipped 1.1%.
U.S.-listed shares of Chinese firms dropped for a second day, tracking a slide in domestic stocks as investors continued to question if China would announce new stimulus measures.
Alibaba Group BABA.N fell 3.2%, PDD Holdings PDD.O lost 3.7%and JD.Com JD.O dropped 4.6%. The iShares MSCI China exchange-traded fund MCHI.O lost 3.4%.
Additionally, investorswere keeping a watch onthe impact from Category5 Hurricane Milton as well as the escalating conflict in the Middle East.
Reporting by Lisa Mattackal in Bengaluru; Editing by Pooja Desai
Asset collegati
Ultime news
Disclaimer: le entità di XM Group forniscono servizi di sola esecuzione e accesso al nostro servizio di trading online, che permette all'individuo di visualizzare e/o utilizzare i contenuti disponibili sul sito o attraverso di esso; non ha il proposito di modificare o espandere le proprie funzioni, né le modifica o espande. L'accesso e l'utilizzo sono sempre soggetti a: (i) Termini e condizioni; (ii) Avvertenza sui rischi e (iii) Disclaimer completo. Tali contenuti sono perciò forniti a scopo puramente informativo. Nello specifico, ti preghiamo di considerare che i contenuti del nostro servizio di trading online non rappresentano un sollecito né un'offerta ad operare sui mercati finanziari. Il trading su qualsiasi mercato finanziario comporta un notevole livello di rischio per il tuo capitale.
Tutto il materiale pubblicato sul nostro servizio di trading online è unicamente a scopo educativo e informativo, e non contiene (e non dovrebbe essere considerato come contenente) consigli e raccomandazioni di carattere finanziario, di trading o fiscale, né informazioni riguardanti i nostri prezzi di trading, offerte o solleciti riguardanti transazioni che possano coinvolgere strumenti finanziari, oppure promozioni finanziarie da te non richieste.
Tutti i contenuti di terze parti, oltre ai contenuti offerti da XM, siano essi opinioni, news, ricerca, analisi, prezzi, altre informazioni o link a siti di terzi presenti su questo sito, sono forniti "così com'è", e vanno considerati come commenti generali sui mercati; per questo motivo, non possono essere visti come consigli di investimento. Dato che tutti i contenuti sono intesi come ricerche di investimento, devi considerare e accettare che non sono stati preparati né creati seguendo i requisiti normativi pensati per promuovere l'indipendenza delle ricerche di investimento; per questo motivo, questi contenuti devono essere considerati come comunicazioni di marketing in base alle leggi e normative vigenti. Assicurati di avere letto e compreso pienamente la nostra Notifica sulla ricerca di investimento non indipendente e la nostra Informativa sul rischio riguardante le informazioni sopra citate; tali documenti sono consultabili qui.
