US markets higher in premarket trade

Monday, 17. June 2019 10:34

Wall Street was higher in premarket trade as investors patiently waited for the United States Federal Reserve interest rate decision which is due on Wednesday. Commerce Secretary Wilbur Ross said on Monday that President Donald Trump is ready to tariff more Chinese products if the two countries do not reach a deal. He also pointed out that a deal is unlikely at next week's G20 Summit in Osaka, Japan.

US housing market data is due during the trading session and after the bell Adobe Inc is scheduled to report its quarterly results.

The Dow Jones Industrial Average and the Nasdaq 100 both increased 0.18% at 4:30 am ET while the S&P 500 gained 0.20% at 4:31 am ET.

The euro was 0.05% in the green compared to the dollar, going for 1.12156 at 4:31 am ET. The pound lost 0.04% against the US currency at the same time, changing hands at 1.25862 and the greenback was flat gainst the yen at 108.5805.

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Author:
Breaking the News / VP