US stock futures are down ahead of the Federal Reserve's final policy meeting of the year, with investors focused on potential future rate cuts. Nvidia shares have fallen into correction territory due to concerns about escalating tech competition between the US and China, while the German DAX could be affected by the dissolution of the country's government.
Investing.com -- Wall Street is seen trading slightly lower Tuesday ahead of the start of the last Federal Reserve policy meeting of the year. Nvidia shares have entered correction territory, while the German DAX could suffer as the country's government was dissolved.starts its final policy meeting of the year later Tuesday, to be concluded on Wednesday with a widely-expected 25-basis point rate cut.
"A higher unemployment rate or nonfarm payrolls growth of 125k or less should be enough ," it added.US stock futures slipped lower Tuesday, continuing the recent cautious trading ahead of the start of the final Fed meeting of the year.data for November, which are expected to show growth of 0.6% on a monthly basis as consumers continued to spend.
Restrictions imposed by Washington prevent the company from selling its most advanced chips to Chinese firms, limiting their capacity to advance AI technologies. It was forced to deny reports last week that it would cut supplies to China, saying China was an important market and it would continue to provide high-quality products and services to Chinese customers.The German government was officially dissolved on Monday as Chancellor Olaf Scholz lost a vote of confidence, clearing the way for an early election on Feb. 23.
Data released on Monday showed that German business activity contracted for a sixth month running this month, while German companies feel pessimistic about the new year, with only 12.6% expecting business conditions to improve in 2025, according to a poll by the Ifo institute.“While equities in Germany have managed to ride out weak growth and political uncertainty this year, those in France have not.
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