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Top 3 things you need to know about the market on Wednesday

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 1. Markets still digest Donald Trump's speech

In his speech, US President Donald Trump said illegal immigration was an urgent national crisis and reiterated his promise to build a border wall, which increased the prospect of a new government closure.

The construction of a wall along the border with Mexico to prevent the illegal entry of emigrants into the country was a central plan of Donald Trump's presidential campaign, but the Republican-controlled Congress did not approve money for it during the first half of its mandate, and Democrats, who now control the House, rejected his $ 5.7 billion funding request.

Also, Trump has called on Congress to pass legislation that will increase the nation's aging infrastructure without providing details of how to pay for it or how much it will cost.

 2. U.S. Futures point to lower opening

US stock futures point to a lower opening on Wednesday, as the lack of surprises in Donald Trump's speech has allowed weak European economic data to be at the front line.

At 12:25 (GMT +2), blue chip futures (DJIA) declined by 35 points or by about 0.15%, S & P 500 futures dropped by 3 points, or approximately 0.15%, while technology futures Nasdaq 100 showed a decline of 6 points, or about 0.1%.

 3. General Motors earnings (GM.US)

In today's busy day for corporate earnings, investors will focus on General Motors (GM.US), which reports  before the opening of the US trading session. The Detroit-based automaker is expected to post earnings per share of $1.24 on revenue of $36.0 billion, analysts say.

Investors will closely monitor the results to see if the current restructuring efforts are starting to pay off. The car maker announced a patented restructuring plan in November that included layoffs, factory closures and streamlining the range of cars.


 Trader Milko Zashev

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