The stock markets in New York are expected to open on Wednesday with small changes. The American president Donald Trump made himself heard on the trade side and threatened with new import duties. The companies focus on Bank of America, which came up with results. The Federal Reserve also comes with its so-called Beige Book.

Trump emphasized that he can impose even more import duties on China if he so wishes. He previously promised not to do so after reaching a ceasefire in the trade war with the Asian country. China said that new levies would not benefit current negotiations on a new trade deal.

Bank of America reported a higher quarterly profit and announced a substantial reward for shareholders. Total income also increased slightly, but the net interest income of the financial group was lower than the average analysts had expected. Earlier this week, quarterly figures from banks JPMorgan Chase, Citigroup and Wells Fargo fueled concerns about the impact of low interest rates on their earnings.

Abbott Laboratories also gave access to the books. The medical concern saw in the latest quarterly results a reason to boost its prospects for revenue and profit. Nearby markets include heavyweight IBM and video streaming company Netflix with figures.

Amazon also knows the spotlight on itself. The European Commission officially announced to open an investigation into possible misuse of competitors’ sales data by the online store giant. At the same time, the German cartel watchdog scraps its own investigation into Amazon.

The Federal Reserve gives insight into the state of the American economy in its Beige Book, which appears after the opening of the stock exchanges. The umbrella organization of central banks has already stated on several occasions that they are ready to intervene with incentive measures if economic developments so require. Investors therefore assume that an interest rate cut is coming.

The stock markets in New York closed in the minus on Tuesday. The Dow-Jones index closed 0.1 percent lower at 27,335.63 points. The broad S&P 500 dropped 0.3 percent to 3004.04 points and technology level meter Nasdaq lost 0.4 percent, at 8222.80 points.

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