Wall Street futures trading down before market opening on Thursday

Source: WBP Online
US futures for equity decreased on Thursday, as investors worldwide continued the sell-off after latest the Federal Reserve's meeting minutes, which hinted at a rate increase in June. If the US economic data continues to show consistent growth towards the targeted 2%, probability of a rate hike by the Fed will increase further. In the meantime, reacting to the news Standard & Poor's futures fell 0.4% to 2,033.95 points on Thursday.
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Thu, 19 May 2016 13:06:04 GMT

Wall-Mart surpasses expectations in first quarter of 2016

Wall-Mart Stores reported higher-than-expected quarterly earnings on Thursday. Analysts estimated profit of $0.88 per share, but Wall-Mart chain announced $0.98 of net income per share. $115.9 billion quarterly revenue was posted instead of expected $113.22 billion. Shares of the shopping chain surged more than 8% pre-market by 11:30 GMT.

Thu, 19 May 2016 12:44:11 GMT

Greenback gains against Yen following FOMC minutes

The USD/JPY pair traded higher on Thursday after markets perceived the FOMC minutes as an indicator of a potential rate hike in June. The pair hovered under the 110 yen mark over the London session, with volatility expected later during the US session when data on US jobless claims is announced.  

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