10 things you need to know before the opening bell
This is what traders are talking about.
Fed minutes are coming. The minutes will be released at 2 p.m. ET and could reveal more details about the Fed's plan to unwind its massive $4.5 trillion balance sheet.
The 10-year is at its highest level since May 12. The US 10-year yield ticked to 2.35% during light holiday trade on Tuesday, and is probing the "critical level" of 2.32% singled out by bond guru Jeff Gundlach.
A 'creeping doubt' is dragging down the dominant sector of Britain's economy. The latest PMI data from IHS Markit drew a 53.4 in June, down from May's 53.8 "
There's a whale in Australia's bond market. An unknown bidder bought the entire $800 million offering of bonds due in April 2029.
Goldman Sachs says bitcoin could see a big drop before climbing to almost $4,000. Sheba Jafari, Goldman's head of technical strategy, wrote in a note to clients on Tuesday that the cryptocurrency was "still in a corrective 4th wave" and that its price could fall to $1,857 before climbing as high as $3,915. Currently, bitcoin trades down 0.5% at $2,563.
Nasdaq test data wrongly reported Amazon and Google share prices were down more than 80%. Following Tuesday's closing bell, the Nasdaq set test data live which showed the share prices of
Stock markets around the world are mixed. China's Shanghai Composite (+0.76%) led the gains in Asia and France's CAC (+0.09%) paces a quiet session in Europe. The S&P 500 is set to open lower by 0.2% near 2,424.
Earnings reports trickle out. Yum China reports after markets close.
US economic data is light. Factory orders and durable goods orders will be released at 10 a.m. ET.
JOIN OUR PULSE COMMUNITY!
Eyewitness? Submit your stories now via social or:
Email: eyewitness@pulse.ng