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The lukewarm transactions observed on the futures contracts occur after the close of the previous session of Wall Street in the red. On Tuesday, the Dow Jones Industrial Average broke its four-day winning streak, closing down more than 300 points, as fears of global growth added worry to the market.
Earlier this week, the International Monetary Fund (IMF) announced that it had revised down its estimates of global growth, projecting a growth rate of 3.5% worldwide in 2019 and 3, 6% for next year. The fund had already lowered its forecast in October due to trade tensions, but problems remain, as the institution remains alert to other uncertain topics, such as Brexit. Weak economic statistics in China also did not allay fears.
Meanwhile, investors continue to closely monitor trade negotiations with the Asian nation.
In recent trade talks, the White House has apparently rejected a business planning meeting with its Chinese counterparts this week as unresolved disagreements over the enforcement of intellectual property rules continue to fade. , according to a familiar source.
CNBC said on Tuesday that "the teams remain in touch for high-level talks with Deputy Prime Minister Liu He" at the end of January. At the same time, White House economic advisor Larry Kudlow refuted allegations that a formal meeting was canceled.
By looking more closely at home, investors will keep abad of domestic politics as the longest government shutdown continues to wreak havoc and sow uncertainty in the United States.
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