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

Read more:

If you think, we can improve that section,
please comment. Your oppinion is imortant for us.
WARNING: Any news, opinions, research, data or other information contained within this website is provided as general market commentary and does not constitute investment or trading advice. Varchev Finance Ltd. expressly disclaims any liability for any lost principal or profits which may arise directly or indirectly from the use of or reliance on such information. Varchev Finance Ltd. may provide information, quotes, references and links to or from other sites and blogs and other sources of economic and market information as an educational service to its clients and prospects and does not endorse the opinions or recommendations of the sites, blogs or other sources of information.
Varchev Finance


25 Canada Square, Level 33, office 50, Canary Wharf London, E14 5LQ +44 20 3608 6256

Universal numbers

World Financial Markets - 0700 17 600    Varchev Exchange - 0700 115 44

Varchev Finance Ltd is registered in the FCA (FINANCIAL CONDUCT AUTHORITY) with a passport in the United Kingdom: FCA, United Kingdom - registration number: 494 045, which allows provision of financial services in the United Kingdom.

Varchev Finance Ltd strictly comply with the statutes of the European directive MiFID (Markets in Financial Instruments). targeting increased efficiency, transparency and uniformity of financial instruments.
Varchev Finance Ltd is authorized and regulated by the Financial Supervision Commission - Sofia, Bulgaria: License number RG-03-02-05 / 15.03.2006

The information on this site is not intended for distribution or use by any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.


CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 63,41% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money.

chat with dealer
chat with dealer
Cookies policy