U.S. stock index futures fell on Thursday, tracking a retreat in overseas shares, amid scant domestic catalysts to drive trading ahead of Federal Reserve Chairman Ben Bernanke’s speech Friday at a symposium of central bankers.
Bernanke is set to address central bankers in Jackson Hole, Wyoming, where he could announce new measures to boost growth. He is expected to stoke expectations for a third round of quantitative easing, though he may not detail the timing of the Fed’s action.
European shares .FTEU3 fell 0.4 percent with investors reluctant to increase their exposure to riskier assets ahead of the Fed meeting. Japanese stocks .N225 fell almost 1 percent to a two-week closing low.
“There’s so little news that’s impacting the market ahead of Bernanke that weakness overseas is enough to move us, even if in general we’ll be in a holding pattern until tomorrow,” said Cort Gwon, chief strategist at HudsonView Capital Management in New York.
Daily trading volume, which has been at 2012 lows this week in a reflection of investors’ reluctance to place big bets before Bernanke’s speech, could weigh on profits at exchanges and brokers.
This article is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Corporation or any of its affiliates, subsidiaries, officers or directors. Leveraged trading is high risk and not suitable for all. You could lose all of your deposited funds.