News Column

Futures Pointing To Continued Weakness On Wall Street

August 6, 2014

WASHINGTON (Alliance News) - After moving notably lower over the course of the previous session, stocks may see some further downside in early trading on Wednesday. The major index futures are currently pointing to a lower open for the markets, with the Dow futures down by 63 points.

Geopolitical concerns are likely to weigh on the markets once again, as traders continue to worry about the conflict in Ukraine.

News of intense fighting in the eastern Ukrainian city of Donetsk is likely to weigh on the markets as government forces continue their offensive against pro-Russian separatists.

Polish Foreign Minister Radoslaw Sikorski has warned that Russia could launch an invasion if Ukrainian forces continue to have success in their fight against the rebels.

Russian troops are reportedly massing on the border, and Sikorski told Polish news channel TVN24 the troops are poised to pressure or invade eastern Ukraine.

Sikorski's comments came on the heels of news that Russian President Vladimir Putin has ordered his government to draft a response to US and European sanctions.

On the US economic front, the Commerce Department recently released a report showing that the US trade deficit unexpectedly narrowed in June amid a sharp drop in the value of imports.

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Source: Alliance News

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