Markets in the United States opened Thursday morning with slight declines in US stock index futures. According to analysts, the situation could worsen if the crisis in the US administration escalates because of the trade dispute between the United States and China, and because of the internal investigation and demands on the impeachment of President Donald Trump.
At the beginning of early trading sessions in the US, the Dow futures fell about 35 points, indicating a negative opening of the sessions by more than 26 points. S&P and Nasdaq futures were marginally lower.
Wall Street ended Wednesday’s upward trend after US President Donald Trump said the trade deal between the United States and China could come to an end sooner than expected. The two countries have been engaged in a customs war since 2018, prompting them to impose a tax tariff on their goods amounting to hundreds of millions of dollars.
On the other hand, investors are also closely watching the impeachment investigation, which began in the House of Representatives last Tuesday, regarding a conversation between the president and his Ukrainian counterpart, Volodymyr Zelensky, in which chief investigator Nancy Pelosi is demanding the impeachment of the US president. A copy of the call, released on Wednesday, did not appear as clear and frank with Donald Trump’s voice. However, more details about their phone conversation have not yet been published.
On the data front, figures on jobless claims will be released at 08:30 AM ET. Meanwhile, the third reading of real GDP (growth GDP) data will also be released from the second quarter of this year.
Several Fed members will speak throughout the day, including St. Louis Fed President James Bullard.
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