Dow Jones futures have started the day on a positive note, as markets attempt to shake off the negative sentiments that developed around the US-China trade war in the last 24 hours. The Dow Jones index may have to sustain the uptick today in order to fully recover from yesterday’s big drop that saw the Dow Jones futures lose more than 300 points.
Apart from the pessimistic trade sentiment, the Dow Jones also reacted to yesterday’s disappointing US PPI data. The annualized core Producer Price Index (PPI) fell to 2.0%, the lowest levels in 2 years. The core PPI (monthly) dropped by 0.3%.
Investors on Dow Jones will also have their sights set on the FOMC minutes, after the Fed Chair Jerome Powell hinted that the Fed will start to purchase US government debt instruments in order to expand its balance sheets.