US Equity Futures Drop Ahead of Yellen Speech
Major stock futures in the US are trading on a softer note ahead of the
weekly jobless claims data release and Fed chief Yellen’s speech.
At the time of writing, Dow futures were down 65 points or 0.37%. S&P futures and Nasdaq futures were down 0.40% each.
Falling
Yen is keeping risk assets on the edge and has pushed up volatility in
the FX markets. Meanwhile, cautious stance highlighted by Fed minutes
released yesterday received little/no attention from the markets.
“When the Fed speaks, World listens”
Yellen
is attending a program titled “"When the Fed speaks, the world listens”
and will be sharing the stage with formed chiefs Bernanke, Greenspan
and Volcker. Markets would be interested hear more from Yellen on
interest rates.
(Market News Provided by FXstreet)
