16:34Before the opening of US stock markets: futures on the premarket show a slight increase
Before the opening of US stock markets: futures on the premarket show a slight increase
Futures for the major US stock indexes in the premarket show a slight increase, as fears that President Donald Trump's decision to introduce new tariffs on the import of a number of Chinese goods may turn into a global trade war, continue to put pressure on the market.
Recall, the day before there were reports that Trump intends to strike at China by introducing significant tariffs and investment restrictions as early as next week. These tariffs can initially be targeted at information technology, consumer electronics and telecommunications as punishment, allegedly for intellectual property theft, but the list can eventually expand to 100 products.
Market participants also analyze the block of macroeconomic data. In particular, it became known that import prices rose by 0.5% m / m in February after rising by 0.8% m / m in January (revised from + 1.0% m / m). This marked an increase in the figure for the seventh consecutive month. Prices for imported oil and oil products fell by 0.5% m / m. Excluding oil and oil products, import prices in February rose by 0.5% m / m. Prices for imported goods of long-term and short-term use in February were marked by growth, eliminating cheaper oil imports. In comparison with the same period of the previous year, import prices in February increased by 3.5%. At the same time, export prices excluding agriculture increased by 0.2% m / m and by 3.3% y / y.
The report of the Federal Reserve Bank of New York showed a strong increase in activity in the state's manufacturing sector in March, as new orders and shipments increased. According to the report, the production index in March rose to 22.5 against 13.1 in February, with growth of more than nine points. At the same time, 38% of respondents reported an improvement in the conditions for doing business, while 15% reported their deterioration. At the same time, the Philadelphia Fed report showed that the production index in March fell to 22.3 (against analysts' forecast of 23.0) from 25.8 in February.
Important corporate messages that could influence the dynamics of the broad market were not noted in the premarket.
After the start of trading, the impact on their progress may be provided by data on the NAHB housing market index, which will be released at 16:00 GMT.
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