The Dow jones is expected to open lower on account of global and domestic clues. Key market news impacting Dow Jones today is as follow
Fed speakers comment on interest rate hike:
Dennis Lockhart, President Federal Reserve Bank of Atlanta, said he remains confident that the central bank will raise interest rates this year, calling the decision to hold at September’s meeting a “close call.”
European and Asian market in red:
European market are in deep red today as well as indian market witnessed huge sell off in the second off trading, which is expected to have a negative impact on the Dow jones
Miners are hammered:
Mining stocks in Europe got hammered earlier today with Anglo American Plc, Antofagasta Plc and Arcelor Mittal all declining by more than 6% percent. Also, commodities and metal prices fell on account of reduction in growth forecasts for China by the Asian Development Bank.
Volkswagen AG lost almost a quarter of its market value after it admitted to cheating on U.S. air pollution tests for years. The revelation of deliberate deception, carrying the risk of as much as $18 billion in fines and potential criminal charges for executives
Xi visits U.S:
Chinese President Xi Jinping’s will land in Seattle today, where he will meet with U.S. technology companies eager to expand in China but concerned about Beijing increasing its already tight grip on electronic communication.
Above market news is expected to have a overall negative impact on the Dow Jones trading today especially on the metal and mining companies which are expected to witness a significant fall or sell off today. Hope above indicators help you in adjusting your market strategy for today and helpful in evaluating market events impact on overall market performance.
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