Stock futures directed to a small drop down as apprehensions over the prospect for the global economy persisted to weigh on financier sentiment even after the exceptional counsel found no conspiracy with Russia on the side of the U.S. President Donald Trump. The Dow (Dow Jones Industrial Average) futures declined by 49 points, suggesting a drop down of 5.32 points at the open. The Nasdaq 100 and S&P 500 futures also directed to a lower open. The moves came between a global stock turn down, both in Asia and Europe. Nikkei 225 index of Japan declined by 3%, whereas, French and German equities also dropped. Apprehensions over the global economic prospect were stoked following the so-called yield curve turned upside down for the first time in over a decade.
The 3-Month Treasury statement yield pinnacled its 10-Year equivalent, thus overturning the yield curve. Financiers consider this to be an indication that a recession might be coming soon. Dissatisfying economic data was released out of Europe, linked with a downgraded economic prospect from the Fed (Federal Reserve), added to those worries. The U.S. stock futures earlier pointed to tough earnings after William Barr—Attorney General—stated a special counsel Robert Mueller’s much-anticipated investigation did not discover sufficient evidence that Trump’s 2016 drive colluded with Russia.
On a similar report, recently it was stated that Mueller report does not find Russian conspiracy, but cannot “acquit” on obstruction. “The special counsel’s examination did not discover that the Trump campaign or anybody linked with it coordinated or conspired with Russia in its attempts to power the 2016 US presidential election,” Barr stated in a letter to leaders of the Senate and House judiciary committees. That was in spite of “several offers from Russian-affiliated personalities to help the Trump campaign,” he stated.