US Futures Retreat with G20 and Fed Advance by Investing.com

Investing.com – US futures contracts fell on Thursday, with investors taking little risk before the upcoming G20 summit and the minutes of the Federal Reserve meeting.

The fall of 10 points or 0.37% at 07:04 ET (12:04 GMT) while plunging 67 points, or 0.26%. Meanwhile, heavy technology lost 44 points, or 0.64%.

On Wednesday, Fed Chairman Jerome Powell said interest rates were neutral. Comments came less than two months after he said that rates were probably "far" from that point. Investors interpreted these comments as an indication that the Fed would slow down its interest rate hike program.

Investors welcomed the possibility of a slowdown in interest rates, but some economists were not impressed. "This is what the Fed has pointed out in its forecasts throughout the year," wrote Paul Donovan, chief economist at UBS.

Market watchers were eagerly awaiting the report of the Fed's November meeting, which is expected to be released next Thursday, to provide further guidance on interest rate trajectories.

The Fed is generally expected to raise rates for the fourth time this year at its next meeting in December. She said she could raise rates three more times in 2019, but markets expect a single rate hike next year.

Investors were also monitoring developments in the US-China trade situation ahead of the upcoming G20 summit later this week, when US President Donald Trump and his Chinese counterpart Xi Jinping are expected to to meet.

Trump said earlier this week that it was "very unlikely" that he would accept China's request to delay a planned tariff increase, which is expected to come into effect in January.

The Nielsen Holdings (NYSE 🙂 research group was among the top winners in pre-commercial trading, recording a 2.57% increase in news that Madison Dearborn has made an offer for the company. Box Inc. (NYSE 🙂 rose 3% after surpbading its earnings guidance, while Qualcomm (NASDAQ 🙂 gained 2.50% on the announcement that the semiconductor was about to resolve the legal battles with Apple (NASDAQ :).

Elsewhere, Intel (NASDAQ 🙂 lost 0.94%, while Microsoft (NASDAQ 🙂 lost 0.57% and Tesla (NASDAQ 🙂 lost 0.54%.

German Bank AG (DE 🙂 NA O.N. (NYSE 🙂 DBKGn shares fell 4% after they learned that agents in his Frankfurt office had raided money laundering charges.

In the economic news, data are released at 8:30 am (1:30 pm GMT), with data. the numbers and are also due in the morning.

In commodity markets, the increase of 0.05% to $ 1,230.40 troy ounce was noted, while futures contracts fell 1.11% to $ 49.73 the barrel. Who measures the greenback versus a basket of six major currencies rose 0.24% to 96.91.