Top 5 things to know about the market Thursday by Investing.com

Investing.com – Here are the top five things you should know about the financial markets on Thursday, March 21st:

1. Futures markets may open up, Treasury yields at one-year lows after the Fed's pivot

Wednesday and unveiled details of a plan to end the monthly reduction in its balance sheet. The decision was significantly reversed from its previous December forecast of raising interest rates twice this year.

Although US equities became positive after the decision, financial stocks dragged on the market due to their sensitivity to low interest rates.

The cautious market position continued to prevail on Thursday as US futures remained unchanged. At 0541 (ET) (0941 GMT), the Blue Chip lost 22 points, or 0.1%, a point or 0.1%, while the title fell slightly by 5 points, or 0.1% .

reacted most to the policy change, falling to 2.51%, their lowest level since January 2018.

At first, it had dropped more than half a percent in reaction to the Fed's decision, but had recovered during Asian market hours, with worries over a messy Brexit wreaking havoc.

2. US-China trade negotiations progress without progress

US President Trump announced Wednesday that he would maintain tariffs on China until it is certain that Beijing is following the terms of any trade agreement.

Overnight, however, China has been more positive about the evolution of trade, confirming that this will continue next week.

The Chinese Ministry of Commerce announced that US Trade Representatives Robert Lighthizer and Steven Mnuchin of the US Treasury will visit Beijing on March 28-29, while Chinese Vice Premier Liu He will visit Washington in early April. .

3. EU prepares its decision on the Brexit extension

While the UK deadline for leaving the UK is set for March 29, British Prime Minister Theresa May is scheduled to meet the 27 other heads of government of the bloc at the EU summit at 10:00 am (2:00 pm ). 00 GMT).

May is currently requesting an extension until June 30 to continue working on a withdrawal agreement.

However, the other Member States must all approve such an extension. The reports suggest that they will only allow the deadline to be postponed to 22 May, the day before the elections to the European Parliament.

4. Oil holds more than 60 dollars despite a profit taking

but the US crude stayed above the $ 60 level it had reached a day earlier for the first time since November.

fell 12 cents, or 0.20%, to $ 60.11 at 5:46 am EST (9:46 GMT), while it was trading down 3 cents to $ 68.47.

Despite profit taking Thursday, WTI is still up more than 5% this month and has exploded by more than 30% in 2019 thanks to support provided by the cuts in production of OPEC and its allies, led by Russia.

US sanctions against Iran and Venezuela have also served to support oil prices, while last week was marked by the largest decline in US stocks since July, which again shows that the market responds to a tightening of supply.

Read more: – Ellen R. Wald

5. Nike Profit Seen Rising

The report on Thursday's big gains comes after the close when the manufacturer of shoes, clothing and sports equipment Nike (NYSE 🙂 announces its results for the third quarter.

According to badysts polled by Investing.com, Nike is expected to report 64 cents a share for the quarter, down 68 cents the previous year. Revenues for this component are expected to reach $ 9.58 billion, up 6.7% from the previous year. The stock, which grew more than 16% this year, was Dow's sixth best performance in 2019.