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Top 3 things you need to know about the market on Tuesday

1. The legislators made a preliminary deal to avoid government closure

Political headlines will remain in focus after Democratic and Republican MP’s have made a preliminary deal to fund border security easing concerns about another partial halt to the government, which was due to start on Saturday.

A congressional assistant who wanted to be unidentified said the deal did not contain $ 5.7 billion that Donald Trump wanted for a border wall but instead included $ 1.37 billion to build another 55 miles from the new fence at the southern border.

The tentative deal must be enrolled in the legislation, pass the two chambers of Congress and get Trump’s approval before Friday night to avoid a partial closure of the government.

2. US futures point to a green opening

US stock futures point to a higher opening as investors welcomed the temporary deal as well as positive signals about US-China trade talks.

At 12:20 GMT (GMT +2), blue chip futures (DJIA) climbed 175 points, or about 0.7 percent, S & P 500 futures with 17 points, or approximately 0.6 percent, while technology futures Nasdaq 100 showed an increase 56 points, or about 0.8%.

3. Powell in focus

Several FED speeches will attract market’s attention, as traders are looking for further hints about the prospects for monetary policy over the coming months.

Most of the attention will be directed to FED Chairman Jerome Powell, who will speak at the Hope Enterprise Corporation Rural Policy Forum in Mississippi at 19:45 (GMT +2).
Speech by Cleveland Fed President Loretta Mester and Kansas City Fed President Esther George are also on the agenda.

Market expectations for rising interest rates this year are under threat as the US central bank last month promised to be patient with further price rises.


 Trader Milko Zashev


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