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US stock indexes little changed in premarket

By Jeff Davies

While European equities traded modestly in the red on Thursday after the opening bell, stock markets in New York were looking to start almost flat, according to early indications. There were only minor movements in exchange rates and precious metals. Oil gained moderately, reflecting the escalation of tensions in the Middle East as the United States decided to build up its military capacity and Iran warned of a possible conflict.

China denied plans for a visit by a US trade delegation, after the Department of the Treasury in Washington said Secretary Steve Mnuchin would go there soon to continue bilateral negotiations.

Gold was 0.08% up at $1,297.58 per ounce at 6:34 am. The euro advanced 0.13% to $1.12156 and the pound slipped 0.08% to $1.28318. The dollar weakened 0.1% to ¥109.487. In premarket trade, the Dow Jones Industrial Average declined only 0.04%. The Nasdaq 100 and the S&P 500 were also marginally down.

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