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© Reuters.
Investing.com – These are the top five news on the financial markets on Friday, December 21:
1. Although the US House of Representatives on Thursday approved a temporary funding measure that included funding for the border wall, the chances of getting Senate approval are low, raising fears that the US government will not be able to get it. An agreement would not be closed to prevent the government from being suspended until Friday, midnight cutoff time.
The House pbaded a law to keep the government in office until February 8, but the Senate, which sits on (19659006) The Senate pbaded a bill to keep the government in office but US President Donald Trump refused to revert to the bill.
"Any measure that finances the government should include border security," Tru insisted.
If no temporary funding is approved, nine departments, including the US Department of Homeland Security, will close before the Christmas holidays, according to Bloomberg.
2. Global stock markets down due to growing concern over US government shutdown
Global stock markets continued to plummet on Friday, as worries over global recession The US futures market has announced a lower opening Friday as the market is on the verge of retreating, the US government could possibly close at midnight. Trade should be modest, with many traders having packed their bags before Christmas. At 9:22, the "blue chip" lost 96 points, or 0.42%, down 11 points or 0.44%, while the future technology index lost 32 points or 0.51%.
On the other side In the Atlantic, European stock markets have dropped significantly, investors fearing a possible closure of the US government and the recent tightening of US policy have persuaded investors to remove the risk of their portfolios.
Previously, Asian shares they also shared risk aversion. Japan closed down 1.1%, the biggest drop since mid-September 2017, after dropping 5.6% this week, while China closed down 0.8%.
3. While many traders pack their bags for the holidays, a wave of economic data is popping up before the holidays.
Commerce to Report December Orders for Durable Goods
On average, economists expect non-perishable goods to grow 1.6% from last month and non-carriages at 0.3%.
the third quarter will also be released during this period, and it is expected that growth remains estimated at 3.5% according to the previous estimate.
At 1 pm, the November data will be published and will be published, both should have increased. 0.3%. The Fed's preferred inflation gauge is expected to hit an annual rate of 1.9%, slightly lower than the Fed's target.
It will also include the final measurement of that of the University of Michigan for the month of December. Economists expect a slight increase from its preliminary measure, which increases to 97.6%
4. Nike makes a jump of 8% and the results exceed the consensus
Bulls are rare, but the significant gains of Nike after Thursday's close could give the market optimism of the purchase.
Nike announced a tax profit of 0.52 cents per share in the second quarter for a business turnover of $ 9.4 billion.
The gross margin was 43.8%, exceeding the forecast of 43.5%.
Nike (NYSE 🙂 shares rose nearly 8% during Friday's trading session.
5. Oil in the direction of a 10% drop over the week
Overnight gains evaporated Friday morning in morning trading, with a sharp drop in oil prices during of the week.
cents or 0.76%, reaching $ 45.53 at 9:03, while it was traded with a $ 0.70 drop, or 1.29%, at $ 55.65.
The oil had received a rumor that OPEC was planning to release individual quotas for its production cut, showing that Saudi Arabia would cut more than expected.
But the interest of buyers declined early in the morning, in October, worries about oil demand rose due to the slowdown in the global economy and signs of overproduction.
Concerns over the surplus of global supply will remain in the spotlight on Friday. investors observing a measure of US users.
The Bulls expect the number of domestic oil rigs in activity to record their third consecutive decline after dropping four last week to 873, the lowest level ever since. mid-September. October.
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