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US markets: Mnuchin did not add optimism

UNITED STATES, WASHINGTON (OBSERVATORY) — Futures for US indices are declining before the opening of trading in the US on Tuesday. On Monday, key indices showed mixed dynamics. Important support for the S&P 500 – 2820, 2940 points.

The index came out of the sideways last week, and the next target at the top is 3,000 points, followed by record levels.

Positive factors

Brexit. – The British Parliament suspended work, not allowing the government to prepare the country’s exit from the EU without a deal. Uncertainty, of course, carries its negative component, but perhaps negotiations will advance through October. At least negative speculation can be avoided for now.

Monetary policy.

Markets are waiting for the ECB decision next Thursday. Analysts expect a lower deposit rate. The question remains the regulator’s willingness to resort to the start of a new round of asset purchases.

Risks of the

Trade War. – On Monday, US Treasury Secretary Stephen Mnuchin said he did not see the threat of a recession in the United States, blaming the problems of Europe and China. In his opinion, the upcoming visit of the Chinese delegation in October is a sign of a conscientious desire to continue negotiations.

“We are ready to negotiate. If we reach a good agreement that is beneficial to us, we will sign it. If not, the president is completely satisfied with the prospect of continuing duties,” he said. Such a tone is difficult to perceive as a willingness to compromise.

Premarket

At the premarket, Ford shares are down 3% after Moody’s downgrades. Today, investors will be focused on the presentation of Apple (20:00 UTC), which will present its new smartphones.

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