Please try another search
(Bloomberg) -- European stocks edged higher on Wednesday while U.S. equity futures fluctuated and Asian shares were mixed. Bonds also nudged upward while the pound extended its decline.
The Stoxx Europe 600 Index traded slightly higher as most national benchmarks in the region were in the green. Luxury TV and stereo maker Bang & Olufsen (LON:0MRM) plunged after issuing its fourth profit warning in a year. U.S. futures were little changed a day after the S&P 500 Index closed just one index point higher at a new record, amid positive U.S. factory and housing data. However FedEx Corp (NYSE:FDX). plunged in after-market trading after cutting its profit forecast for the second straight quarter.
Asian equities were mixed, with shares falling in Tokyo but rising in Hong Kong and India. The pound slipped, extending a tumble from Tuesday on renewed concern that a no-deal Brexit is possible. The yuan was steady after China’s central bank injected liquidity into the financial system.
With global stocks around all-time highs and the U.S.-China trade accord announced Friday yet to be signed, traders are finding few reasons to bid prices higher. The outlook for America’s monetary policy remains dovish -- two Federal Reserve policy makers reiterated that interest rates are on hold -- yet the miserable results from FedEx (NYSE:FDX) were a reminder of the headwinds to growth.
“We are a little bit cautious going into 2020, not getting too carried away with the optimism that the equity markets are displaying right now,” said Susan Buckley, managing director of global liquid strategies at QIC Ltd. “We are still looking at an outlook of slow growth in 2020.”
Elsewhere, the impeachment inquiry of President Donald Trump comes to a head today, with the House of Representatives set to vote on two articles that will likely set up a January trial in the Senate, where he’s expected to be acquitted.
Meanwhile, West Texas crude pulled back after rising above $61 a barrel for the first time in three months. Bitcoin languished below $7,000.
Here are some key events to watch for this week:
Stocks
Currencies
Bonds
Commodities
Are you sure you want to block %USER_NAME%?
By doing so, you and %USER_NAME% will not be able to see any of each other's Investing.com's posts.
%USER_NAME% was successfully added to your Block List
Since you’ve just unblocked this person, you must wait 48 hours before renewing the block.
I feel that this comment is:
Thank You!
Your report has been sent to our moderators for review
Add a Comment
We encourage you to use comments to engage with users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind:
Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.com’s discretion.