- 29th May 2019
- Posted by: Hakeem
- Categories: FOREX LATEST NEWS DAILY, FOREX MARKET ANALYSIS, FUNDAMENTAL ANALYSIS, TECHNICAL ANALYSIS, TRADE
U.S. stock index futures were sharply lower Wednesday morning, as ongoing trade tensions fueled worries about global growth outlook.
Risk aversion has increased in recent days, with disappointing economic data in major economies reawakening fears of a global recession.
It comes at a time when the world’s two largest economies are locked in a protracted trade dispute.
Washington and Beijing have imposed tariffs on billions of dollars’ worth of one another’s goods since the start of 2018, battering financial markets and souring business and consumer sentiment.
On the data front, the Richmond Fed manufacturing survey for May is expected at around 10 a.m. ET, with Dallas Fed services data set to follow slightly later in the session.