Stock futures traded down slightly on Friday after major Asian markets traded without a clear trend, as markets await with anticipation the release of new indicators on the U.S. economy.
The S&P 500 stock futures fell 0.4% and the European ones traded practically unchanged, while the Japanese index dropped 0.1% and South Korea’s Kospi retreated 0.3%. In the opposite direction, the Australian stock market added 0.5% and Hong Kong’s Hang Seng gained 0.2%.
Investors are still trying to anticipate when central banks, especially the US Federal Reserve, will begin to lift economic stimulus in an increasingly robust recovery.
Although the downtrend prevailed overnight, indications emerged afterwards that President Joe Biden will be willing to budge on a compromise on corporate taxation.
