Market Event which could bring trading opportunities
The SP500 futures trade higher after hours A considerable drop in China and Germany caused the US market to trade negative the entire day. Today the equity markets fell sharply after weak Chinese factory data spurred worries over global growth. Treasuries, gold and the yen advanced on safe-haven bids. U.S. oil retreated in volatile trade.
China’s surprise devaluation of the yuan drove indexes down, while the dollar advanced hurting crude and other commodity prices. Treasuries and gold climbed as investors sought safe-haven assets. Chinese e-commerce company Alibaba Group Holding Ltd reports its results for the quarter ended June. Investors will be looking for an update on how Alibaba’s $4.6 billion
Overall this is good for the global markets Gains in energy and materials shares, coupled with improving investors’ sentiment after the Berkshire Hathaway’s latest deal pushed stocks higher, while Treasuries dropped. Uncertainties over the Fed’s rate hike in September pulled the dollar lower and gold rose. Oil jumped after a rally in U.S. gasoline and
If those stocks don’t print lower there is only one way to trade. Higher. Stocks extended gains and the dollar advanced after the Fed’s statement said the U.S. economy continues to strengthen, adding to expectations that an interest rate hike is getting closer, while Treasuries declined. Oil rose after a big U.S. stock drawdown and



