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



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© Reuters.

Investing.com – Here are the top five things to know about the financial markets on Wednesday, March 27:

1. Bottom Contours of the US Futures Edge Inverse Yield Curve

US stock index futures have been cautiously lower, as investors remain alert to movements in the US Treasury market, where the yield curve has remained unchanged for the fourth consecutive session.

At 5:55 (ET) (9:55 GMT), blue-chill lost 42 points, about 0.2%, the 2 dives, or about 0.1%, while the heavy techno-heavy indicated an open position flat.

US Treasury bond yields continued to drive investor sentiment, with the 10-year benchmark remaining at its lowest level since December 2017.

The performance of the three – month Treasury bill, meanwhile, was at.

The inversion of the yield curve has already been a reliable indicator of recession, especially if it is maintained over a longer period.

On the data front, January will be released at 8:30 am ET (12:30 pm GMT). Fourth quarter data will be released at the same time.

Elsewhere, trade was lower in the middle of the morning, with many of the region's major stock markets in negative territory.

Previously, closed markets were mixed.

2. Boeing will inform the drivers and regulators of the 737 MAX Fix

It's a big day for (NYSE 🙂 trying to restore confidence after two deadly crashes involving 737 MAX airliners.

The company will inform more than 200 airline pilots, technical managers and international regulators of software updates and training for the aircraft, its best seller in recent years. Boeing has received orders for the aircraft worth over $ 500 billion at list price.

The Renton session, in the state of Washington, is part of an effort to reach all current and future operators of 737 MAX and their local regulators so that they discuss software updates. and twin-engine training, said Boeing in a statement.

3. Indicative votes on Brexit

The British Prime Minister should indicate a date to quit, the price to pay for his agreement on the Brexit, which has been beaten twice, is ratified, while the Parliament tries to choose its own alternative from a list of 39 Multiple choice options ranging from a much closer alignment after leaving with the EU to leave without an agreement or revoke the divorce papers.

May should indicate the date of his departure during a clash with Conservative Party lawmakers at a 1922 Committee meeting in Westminster around 1 pm (ET) (5 pm GMT).

Before that, lawmakers have begun a debate about the type of divorce that the fifth largest economy in the world should adopt. They will vote at 15:00 ET (19:00 GMT) on a ballot for as many proposals as they wish. Results will be announced after 5:00 pm (9:00 pm GMT).

The was little changed around the $ 1.32 level.

4. Dovish Draghi

The European Central Bank is willing to further delay an expected rise in interest rates if needed and could consider measures to mitigate the side effects of negative interest rates, said the ECB President.

"As we did at our March meeting, we would ensure that monetary policy continues to accompany the economy by adjusting our key interest rate expectations to reflect the new outlook for inflation." ", said Mr Draghi at a conference in Frankfurt.

Reversing the trend earlier this month in reaction to an unexpected slowdown, the ECB suspended its standardization project, offering banks even more liquidity and delaying a hike in rates from a record low in the US. next year.

Trade at $ 1,1285.

5. Oil supply report of the EIA

With respect to commodities, the United States will release its official weekly oil supply report for the week ended March 22 at 10:30 am Eastern Time (1430 GMT). Analysts expect the EIA to report a drop of 1.2 million barrels of crude stocks.

The American Petroleum Institute, a professional organization, said Tuesday night that crude oil inventories in the United States had increased by 1.9 million barrels in the past week.

API and EIA figures often diverge.

US futures dropped 42 cents, or about 0.7%, to $ 59.51 a barrel.

International futures were $ 67.21 per barrel, down 22 cents or 0.3%.

Prices remained buoyant as Venezuela's main oil export port, Jose, and its four crude processors, were unable to resume operations following a power outage. major on Monday, the second of the month.

Read more: : Jesse Cohen

– Reuters contributed to this report

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