5 things to watch for on Tuesday on Wall Street By Investing.com

Investing.com – Here are the five main issues that are pending on Tuesday, September 17, in the financial markets.

1. The world awaits Saudi Arabia

Saudi Arabia will inform the world today about how long it will take to restore production and exports to their usual levels after attacks on key energy infrastructure points this weekend.

The national oil company Saudi Aramco plans to hold a press conference at 7:15 p.m. (CET), according to agency reports.

At 12:00 hours (CET), the US WTI reference drops 1.8% compared to Thursday's close to 61.59 per barrel, while international reference oil drops 1.5% Up to $ 67.97

2. The Fed meeting begins in a context of little hope of a rate cut

It is unusual for the Federal Reserve to be overshadowed, but its two-day monetary policy meeting will begin later in a context of little hope for.

A 25 basis point cut in the target range of Fed funds had been taken for granted until last week, when commercial clouds began to rise and economic data indicated that the US consumer was still alive and well.

3. The actions point to a downward opening

Risk aversion persists on Wall Street due to the rebound in prices and the accompanying geopolitical concerns. However, everything indicates that the main stock indices will only open discreetly downwards.

At 12:00 hours (CET), the contract of y of the S&P 500}} both leave 0.2% or 41 points, while the contract of technology recedes 0.2%.

4. Postponement of the WeWork OPV

WeWork's parent company has reportedly postponed its planned sale offer due to pressure from its largest shareholder Softbank (T :).

Softbank (T 🙂 runs the risk of crystallizing a substantial loss in case The We Company goes public, having agreed to invest more than $ 10 billion in the company so far, most at a much higher valuation than Now it seems achievable in public markets. Bloomberg reported that the valuation could be only $ 15 billion when the agreement is finally reached, which could happen next month.

5. Apple (NASDAQ 🙂 launches an appeal against the EU tax bill

Apple's attempts (NASDAQ 🙂 to be able to cancel the highest tax bill in European history have reached the EU high court on Tuesday.

The final resolution on Apple's appeal (NASDAQ 🙂 before the Court of Justice of the European Union will take months to meet, but it will be worth waiting for, as it will set the tone of relations between the EU and the US technology giants over the next five years.

Margrethe Vestager, the Danish policy that greatly expanded the reach of the powerful EU antitrust authorities with its incursions into national fiscal policy, was renamed as an antitrust commissioner for a new five-year term earlier this month.

Legal warning: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the current market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy / sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.