Futures indicate the
US stocks ended a poor trading session lower, with the DJIA down 0.2%, the S&P 500 down 0.1%, but with the NASDAQ Composite ending up 0.1%.
Meanwhile, Asian stocks are performing strongly Wednesday, with the
"The most notable of these was probably the Chinese HSBC services PMI, which rose to a 17-month high of 54.1 in August," says Alpari analyst
After a strong start to Tuesday's trading,
Wednesday's economic data will be dominated by August services PMI figures for a host of European countries and the
"This caution over better economic data and the end of [US] stimulus next month, is probably starting to concentrate minds as the prospect of higher rates gets ever closer. It is certainly getting reflected in the performance of the US dollar and the rise in US bond yields, and it is probably this new dynamic that is starting to come into view, with every significant improvement in the economy," says
Equipment rental company
Ahead on Wednesday, aside from the services PMI figures, the US Beige Book report on the current US economic situation will be released at
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OCTOBER 31, 2014
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