Top 5 Things To Know In The Market On Thursday
1. ECB Day
In what has become one of the most keenly anticipated meetings in a long time, the European Central Bank (ECB), meeting in Riga, Latvia, is likely to signal that its €2.5 trillion easing program will end this year
By Balazs Koranyi and Francesco Canepa FRANKFURT (Reuters) – The European Central Bank will debate…
, a key move in dismantling crisis-era stimulus.
2. U.S. Stocks Set To Open Lower Amid Fed Fallout
U.S. stock index futures pointed to a lower open Thursday morning, as investors continued to digest comments from the Federal Reserve.
At 5:30AM ET, the blue-chip Dow futures slipped 20 points, or around 0.1%. The Nasdaq and the S&P 500 futures also indicated a lower start to the session for their respective markets.
3. Dollar Slides As Fed-Driven Surge Fades
The dollar was under pressure, giving up gains made after the Fed raised interest rates and struck a more hawkish tone by forecasting a slightly faster tightening.
As widely expected, the Fed raised its benchmark overnight lending rate a quarter of a percentage point to a range of 1.75%-2% on the back of strong U.S. economic growth
4. U.S.-China Trade Concerns Back In Focus
Fresh concerns about U.S.-China trade relations returned to the forefront.
U.S. President Donald Trump will meet with his top trade advisers on Thursday to decide whether to activate threatened tariffs on billions of dollars in Chinese goods, a senior Trump administration official said.
5. 2018 FIFA World Cup Kicks Off
The 2018 FIFA World Cup tournament kicks off later today, when host nation Russia takes on Saudi Arabia in a Group A match at the Luzhniki Stadium in Moscow. It has a 6:00PM start time in Moscow, which means 11AM ET.
This is the only game that takes place on the opening day of the World Cup as the competition really gets going on Friday, with three matches including a Group B clash between Portugal and Spain.
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