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.
If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.
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