Wall street is pointing to a lower opening on tuesday, S&P 500, Dow Jones, and Nasdaq Futures were all trading in red. The chinese currency stand gave good profits on monday and now the traders around the world seems to be booking some profits.
US futures were trading in red mainly due to the housing data that is to be released today. The National Association of Realtors and the Federal Housing Finance Agency will release home sales and home price index data for the month of may and april at 1400 GMT. And traders are also eying a Federal Open Market Commitee about to have a two day meeting on Tuesday.
European indices are also trading in red. Crude oil went down by more than 1% the oil traders realised that the gradual appreciation of the chinese currency will not have a big impact in the short term atleast.
MARKETS | CURRENT | CHANGE IN PERCENTAGE |
UK 100 | 5299 | -1.65% |
France 40 | 3688 | -1.29% |
Germany 30 | 6240 | -0.83% |
JapanNI225 | 10112.89 | -1.22% |
Hang Sen 40 | 20819.08 | -0.45% |
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