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Futures Rebound After Wall Street Drop

Futures Rebound After Wall Street Drop

S&P 500 equity futures added 0.2%. In Asia, the Japanese Topix lost 0.4%, while Hong Kong’s Hang Seng appreciated 0.7%. The main indexes in China and Australia traded virtually unchanged.

After yesterday’s falls on Wall Street following the revelation of Joe Biden’s tax plan – the President of the United States confirmed his intention to go ahead with tax increases on the richest, particularly on capital gains, to finance his social plan in response to the crisis – it is uncertainty that is marking the negotiation of futures and that marked the session on the Asian continent.

The price of oil is trading up on the international markets in the face of signs of economic recovery in the United States, which in turn is reflected in the fall of the dollar.

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