FOMC Chairman Jerome Powell's hawkish remarks late Wednesday triggered a dollar rally and weighed heavily on major global equity indexes. The continues to push higher early Thursday and markets remain risk-averse ahead of key data releases. The US Bureau of Economic Analysis will publish its first estimate of the fourth-quarter Gross Domestic Product growth, the US Census Bureau will release the Durable Goods Orders figures.
After rising more than 1% during the first half of the session, the S&P 500 Index ended up closing in the red on Wednesday. US stocks futures indexes are down between 1.1% and 1.6% in the early European session, suggesting that Wall Street selloff will likely continue after the opening bell.suffered heavy losses on Wednesday and continues to edge lower toward 1.1200 early Thursday.
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