Tencent Securities News Beijing time on August 28 evening news that the U. S. stock market may be lower on Friday, after a turbulent week investors are still cautious, the Federal Reserve meeting is just around the corner. The stock market is expected to rise slightly this week, NASDAQComprehensive indexThe increase may be more than 2%. Investors will continue to keep a close eye on crude oil prices on Friday and a summit of Fed officials on Saturday.
As of press time, Dow Jones Index futures fell 123 points, or 0.7%, to 16527 points; Standard & Poor's 500 Index futures fell 15.3 points, or 0.8%, to 1974 points; and Nasdaq Composite Index futures fell 32 points, or 0.7%, to 4296 points.
At 8:30 eastern time, the monthly rate of US personal income for July (previous value 0.4%, expected value 0.4%), July core PCE price index annual rate (previous value 1.3%, expected value 1.3%), and July industrial product price index monthly rate (previous value 0.5%, expected to be flat) will be released.
The median consumer confidence index of the University of Michigan in August will be released at 10:00 EDT, with a previous value of 92.9 and an expected value of 93.
The leading ECRI indicator for the week on Aug. 21 will be released at 10:30 et, with a previous value of 131.7.
The investment also follows the Jackson Hole Fed officials' summit in Wyoming on Saturday. Some major Fed officials will be present: Fed Vice Chairman tanley Fischer will give an update on the development of inflation. After that, Dennis Lockhart, chairman of the Atlanta Federal Reserve, and James Bullard, chairman of the St. Louis Federal Reserve, will speak.
Listed companies:
Freeport-McMoRan, a mining and oil group, rose 13% in pre-market trading, a day after it was undervalued by Carl Icahn, a well-known activist investor in the United States, and said it would communicate with the company about capital spending and possible production cuts. On the same day, Freeport announced that it would immediately stop related investment and lay off staff in the United States in response to the sharp drop in copper demand. Shares closed up 29 per cent yesterday.
Other markets:
European Stoxx50 fell 0.6%; Britain's FTSE 100th index fell 0.19%; Germany's DAX 30 index fell 0.93%; France's CAC40 index fell 0.49%; Swiss stock index fell 0.87%; and Spain's Madrid composite index fell 0.24%.
Prior to the big rebound in Asian markets, the Shanghai Composite Index of Asian A shares rose 4.82%, while Hong KongHang Seng IndexThe Nikkei index fell 1.04%, while the Nikkei index rose 3.03%.
The dollar index rose 0.02%. Brent crude oil futures fell 0.86% WTI fell 0.73%; gold futures rose 0.18%. (Xu Hong)
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