Mixed US Futures and Weak Chinese Data Counterbalance Business Progress with Investing.com



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Investing.com – US futures were mixed on Friday, ahead of key data on the health of the US economy, with optimism about trade between Washington and Beijing being offset by signs of contraction in the US economy. factories in China and Europe.

US President Donald Trump said he may soon meet with Chinese President Xi Jinping to seal an agreement before the March 1 deadline. The news was offset by concern that the global impact of the trade war between the two largest economies continues to wreak havoc, as the Chinese manufacturing index / markit has fallen to its brink. low since February 2016.

The fall of 1 point or 0.05% at 6:41 am ET (11:41 GMT) while losing 31 points, or 0.13%. At the same time, advanced technologies lost 31 points, or 0.46%.

Investors will pay close attention to data on jobs in the United States later in the day to detect any negative impact on the US economy, with signs of slowing economic growth in Europe and China.

"We are of the opinion that the fourth quarter sales of 2018, particularly in December, was an intra-cycle decline rather than the beginning of the end has been maintained, but the data dump on Friday will have a significant impact on the future, "Felipe Villarroel, portfolio manager at Zurich-based fund manager Vontobel, wrote in a note.

The United States is released at 8:30 am (1:30 pm GMT), followed by the University of Michigan at 10:00 am (3 pm GMT).

Amazon (NASDAQ 🙂 reported a 4.5% decline in pre-market sales after its revenue forecast was below expectations. The semiconductor company Micron (NASDAQ 🙂 plunged 0.8% while PayPal Holdings Inc (NASDAQ 🙂 was down 0.7%.

Somewhere else Symantec Corp (NASDAQ 🙂 jumped 8% after its earnings exceeded expectations, while Southwestern Energy Company (NYSE 🙂 rose 1.6% and Apple (NASDAQ 🙂 rose 0.2%.

In the other earnings news, the big oil companies Chevron (NYSE 🙂 and Exxon (NYSE 🙂 are supposed to report before the opening bell, among others.

In commodities, it rose 0.06% to $ 1,325.95 troy ounce, and declined 0.20% to $ 53.68 a barrel. The, which measures the greenback against a basket of six major currencies, fell 0.11% to 95.197.

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