scorecardresearchGlobal Markets Wrap: Stocks Subdued, US Futures Drop in Pre-Fed Caution

Global Markets Wrap: Stocks Subdued, US Futures Drop in Pre-Fed Caution

Updated: 26 Jul 2022, 08:03 AM IST
TL;DR.
Stocks in Asia made little headway Tuesday and US equity futures retreated, hampered by a challenging outlook for company profits and wariness ahead of a looming Federal Reserve interest-rate hike.
US Federal Reserve Chair Jerome Powell speaks during a news conference on interest rates, the economy and monetary policy actions, at the Federal Reserve Building in Washington, DC, June 15, 2022.  (Photo by Olivier DOULIERY / AFP)

US Federal Reserve Chair Jerome Powell speaks during a news conference on interest rates, the economy and monetary policy actions, at the Federal Reserve Building in Washington, DC, June 15, 2022.  (Photo by Olivier DOULIERY / AFP)