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Top 5 Things to Know in The Market on Wednesday By Investing.com

Top 5 Things To Know In The Market On Wednesday By Investing.com post is one regarding this Finance, Forex categories, written over our scripter Erick Emerson just after January 30, 2019, this section can search on top of that tags 5, Investingcom, Market, Top, Wednesday. I am pleasant to happy you also providing this other paper like finance together with I'm always writting that part frequenlty.

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Investing.com – Here are the top five things you need to know in financial markets on Wednesday, January 30:

1. Markets Await Fed Announcement, Powell

The is not expected to take action on interest rates at the conclusion of its two-day policy meeting at 2:00PM ET (19:00 GMT), keeping the key Fed Funds rate in a range between .

Fed Chair will hold what will be a closely-watched press conference 30 minutes after the release of the Fed’s , as investors look for greater signs of how patient the U.S. central bank will be before raising borrowing costs again.

While policymakers have pointed to two increases in 2019, the market is betting the central bank may halt its rate hikes altogether as risks to the U.S. economy mount.

The market it also on the alert for any hint that the Fed is closer to ending its balance-sheet runoff.

On the data front, the market’s attention will shift to the U.S. labor market with the ADP’s report on private payroll growth, which is often seen as a warmup act for the government nonfarm payrolls report on Friday.

Economists expect the ADP (NASDAQ:) report, due at 8:15AM ET (13:15 GMT), to show that private payroll growth totaled in January.

Elsewhere on the economic calendar on Wednesday, investors are likely to keep an eye out for data at 10AM ET (15:00 GMT).

The , which measures the greenback’s strength against a basket of six major currencies, held steady at 95.50 by 5:20AM ET (10:20 GMT).

In the bond market, U.S. Treasury prices inched lower, pushing yields slightly higher across the curve, with the benchmark yield rising to 2.725%.

Read more: : Kathy Lien

2. U.S., China Resume Trade Talks

The United States and China will hold in Washington in what will be the highest-level discussions since U.S. President Donald Trump and Chinese President Xi Jinping agreed a 90-day truce in their trade war in December.

The latest round of talks will be led by Xi Jinping’s top economic emissary, Liu He, and President Donald Trump’s trade representative, Robert Lighthizer.

People familiar with the talks and trade experts watching them say that, so far, there has been little indication that Chinese officials are willing to address core U.S. demands to protect American intellectual property rights and end policies that Washington says force U.S. companies to transfer technology to Chinese firms.

That has raised concern that the world’s two largest economies will fail to reach a deal before March 2, when the Trump administration is scheduled to increase tariffs on $200 billion worth of Chinese goods.

3. Wall Street Set for Higher Open

U.S. stock futures pointed to a higher open, as traders awaited a Federal Reserve policy meeting and U.S.-China talks, while awaiting the latest batch of corporate earnings.

The blue-chip were up 62 points, or around 0.25%, the tacked on 5 points, or about 0.2%, while the tech-heavy indicated a gain of 47 points, or roughly 0.7%.

Elsewhere, were mostly higher, as investors monitored the latest developments surrounding Brexit.

British lawmakers rejected most amendments that sought to stop Britain exiting the European Union without a deal, reviving worries of a .

Among national indices, 100 jumped 0.9% thanks to a weaker boosting London-listed multinational exporters.

Earlier, markets in closed mixed.

4. Apple Results Calm Nerves

Apple (NASDAQ:) relieved investors by reporting sharp growth in its , helping boost the company’s shares even though iPhone sales dipped in the holiday shopping quarter for the first time.

Investors were relieved that there was no fresh bad news after the tech giant shocked financial markets at the start of this month when a rare revenue warning sparked fears the U.S.-China trade tensions was hitting Chinese consumer spending.

Chief executive Tim Cook also said trade tension between the U.S. and China were easing.

The company’s shares rose 5.5% to $163.18 in premarket trading. They had fallen more than 30% since November on concerns about weak iPhone sales.

5. Boeing, Microsoft Highlight Another Busy Day of Earnings

Market focus will be on a slew of earnings expected on Wednesday, as a busy week of earnings continues.

Boeing (NYSE:), McDonald’s (NYSE:), AT&T (NYSE:), Alibaba (NYSE:), General Dynamics (NYSE:), and Anthem (NYSE:) are among the major companies due to publish their latest quarterly figures before the opening bell.

Microsoft (NASDAQ:), Facebook (NASDAQ:), Tesla (NASDAQ:), Visa (NYSE:), PayPal (NASDAQ:), Qualcomm (NASDAQ:), Wynn Resorts (NASDAQ:), and United States Steel (NYSE:) are among those set to report earnings results after Wednesday’s market close.

— Reuters contributed to this report

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