Middle East Archives - The Industry Spread

Equities Mixed as Chinese Cues Dictate Directional Bias, US Futures Green on Rate Cut Hopes

June 14, 2019

Global equity market is seeing mixed price action in the global market today. Lack of progress in Sino-U.S. trade talks, increasing awareness that trade deal between two parties is unlikely in the upcoming g20 summit and headlines on massive street protests act as factors which provide the market with bearish cues. This has resulted in investor sentiment remaining divided in the global market. Further, the reduction in 2019 global crude oil demand growth forecast by OPEC also hurt risk appetite.