Author: Callum Burroughs / Source: INSIDER
- US futures were edging lower Wednesday morning. Traders had little to digest in President Donald Trump’s State of the Union address and were awaiting new comments from Federal Reserve Chair Jerome Powell.
- European markets fell after weak earnings from BNP Paribas and Daimler. UK purchasing managers’ index data was poor, as were German factory orders.
- The Australian dollar plunged 1% after Australia’s central bank opened the door to a rate cut. Many markets in Asia remain closed for the Lunar New Year holiday.
Markets were mixed early Wednesday in their response to President Donald Trump’s State of the Union address while investors shifted their attention to any signs for the economy from Federal Reserve Chairman Jerome Powell.
European shares sank lower after…
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