Friday, August 19, 2016

Risk Off Mood Prevails As Markets Dread Prospects Of Rate Hike

The major U.S. index futures are pointing to a lower opening on Friday,ÿÿwith sentiment reflecting risk aversion amid the dollar rally and commodity retreat. Recent Fed rhetoric has increased the odds of a rate hike, creating uneasiness among traders. Overseas cues aren't enterprising either. In the absence of any major Main Street event, traders could focus on limited corporate news flow.

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