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RBS

Financial Sector Update for 03/07/2018: RBS, SPGI

Top Financial Shares:

JPM: -1.0%

BAC: -0.7%

WFC: -1.0%

C: -0.9%

USB: -1.2%

Financial shares were lower in pre-market trading on Wednesday.

On the economic calendar are international trade, and productivity and costs at 8:30 am. The consumer credit release is at 3 pm.

For Federal Reserve-watchers, it's a busy day ahead with New York President William Dudley speaking at 7:30 am, then Atlanta Fed President Raphael Bostic at 8 am, followed by Dudley again at 8:20 am.

The Federal Reserve Beige Book, the central bank's take on the national economy as reported by the 12 regional Fed banks, is released at 2 pm, sure to be parsed for clues to pending Fed policies.

Expected movers:

- Royal Bank of Scotland ( RBS ): reaches $500 million settlement with New York related to RMBS

Other news:

- S&P Global ( SPGI ): unveils $1 billion accelerated share buyback transaction

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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