U.S. stock futures are headed for a lower open on Thursday as investors remain cautious before an inflation speech by Fed Chair Janet Yellen that she will give later this evening at a university in Massachusetts.
Yellen’s speech will be her first major address following her press conference before reporters on September 17th at the conclusion of the September Fed meeting.
Several economic reports are due out later today in a week that has a dearth of new data for investors to absorb.
Weekly jobless claims will be reported this morning along with durable orders and new home sales for August.
Yesterday Chinese President Xi Jinping visited a major Boeing plant in Everett, Washington and signed a new deal to purchase 300 new planes this year.
According to Boeing, China will need an estimated 6,3000 new planes during the next 20 years valued at $950 billion.
Boeing announced plans to build a new plant in China that will be responsible for painting and finishing the interior of 737’s planes.
President Xi Jinping also met yesterday with tech CEO’s from major Chinese and U.S. companies and discussed protection of intellectual property and regulations in China.
On Friday Xi Jinping is scheduled to meet with U.S. President Barack Obama.
Cyber security is expected to be one of the topics that will get attention from the 2 world leaders.