US stock markets to close Wednesday to honor George H.W. Bush

Bush died at 94

George H. W. Bush died on Saturday at 94.

US markets traditionally close following the death of a President. The most-recent one was Gerald Ford in 2007.

Trump will designate Wednesday, Dec 5 as a national day of mourning and US stock and options markets will close. SIFMA hasn’t confirmed whether bond markets will be closed.

The US closure will curb trading in a day that features economic data including the ADP employment report, Q3 productivity, the Markit services PMI, the ISM non-manufacturing index and the Fed’s Beige Book.

I’m not sure how the unscheduled closure will affect things like options expirations and other derivatives. Companies have scheduled earnings reports as well.


Articles You May Like

EUR/USD buyers look to retain near-term control ahead of ECB decision, Draghi
Forex Trading Scalping with 200 Forex Pips Signals On Telegram 13TH DEC 2018 REVIEW
Entries: To fight for every pip, or not?
EUR/USD GBP/USD trade Best Forex Trading System 14 DEC 2018 Review -forex trading systems that work
USD/JPY Rate Fails to Test Monthly-High Ahead of Fed Rate Decision

Leave a Reply

Your email address will not be published. Required fields are marked *