Easing Worries About Possible Rate Hike May Generate Buying Interest

[ADVFN]( [[Global Email] World Daily Markets Bulletin]( Thursday, 02 May 2024 09:20:52 [ADVFN Twitter]( [Monitor]( [Quote]( [Charts]( [News]( [Toplists]( [Boards]( US Market Bitcoin [Bitcoin]( DAX [DAX]( Dow Jones [Dow Jones]( Nasdaq [Nasdaq]( The major U.S. index futures are currently pointing to a notably higher open on Thursday, with stocks likely to move to the upside as traders continue to digest yesterday?s Federal Reserve announcement. The upward momentum on Wall Street comes amid easing concerns the Fed?s next monetary policy move could actually be an interest rate hike rather than a cut, which Fed Chair Jerome Powell called ?unlikely? in his post-meeting press conference. ?A market concern coming into [yesterday?s] FOMC meeting was that the Fed might shift gears to a more hawkish tone, including potential rate hikes, based on recently hotter CPI readings,? said Larry Tentarelli, Chief Technical Strategist, Blue Chip Daily Trend Report. ?Powell seemed to push back on the idea of rate hikes,? he added. ?His early commentary today was that the FOMC believes that current rates are restrictive and are weighing on demand. Powell also stated that the Fed believes that ?policy stance is appropriate to the current situation.?? The Fed's next monetary policy meeting is scheduled for June 11-12, with the central bank likely to leave rates unchanged once again. After turning in a lackluster performance for much of the session, stocks saw substantial volatility following the Federal R... [Read More]( --------------------------------------------------------------- Do you day trade? Trader Alerts streams stocks reaching new highs and lows as well as stocks breaking out of previous volume highs as they happen. It's a powerful tool for day trading ideas. [Learn More / Upgrade]( --------------------------------------------------------------- U.S. Economic Reports CADUSD [CADUSD]( Oil [Oil]( Gold [Gold]( EURUSD [EURUSD]( With the more closely watched monthly jobs report looming, the Labor Department released a report on Thursday showing first-time claims for U.S. unemployment benefits remained flat in the week ended April 27th. The report said initial jobless claims came in 208,000, unchanged from the previous week?s upwardly revised level. Economists had expected jobless claims to inch up to 212,000 from the 207,000 originally reported for the previous week. Meanwhile, the Labor Department said the less volatile four-week moving average dipped to 2... [Read More]( --------------------------------------------------------------- Stocks in Focus Shares of Carvana (CVNA) are skyrocketing in pre-market trading after the used car retailer reported record first quarter net income on better than expected revenues... [Read More]( --------------------------------------------------------------- [Sell every Stock except ONE]( Markets are down... But Jeff Clark couldn't care less because he ignores almost every stock in the market except ONE. He lives financially free trading this One Stock Once per month... [Ticker Revealed.]( --------------------------------------------------------------- Europe European stocks are turning in a mixed performance on Thursday after the U.S. Federal Reserve signaled that it is poised to keep interest rates higher for longer. Sentiment was also dented after a survey showed the ongoing downturn in euro zone manufacturing activity deepened in April. HCOB's final euro zone manufacturing PMI, compiled by S&P Global, dropped to 45.7 in April from March's 46.1. While... [Read More]( --------------------------------------------------------------- Asia USDCAD [USDCAD]( USDEUR [USDEUR]( USDGBP [USDGBP]( USDJPY [USDJPY]( Asian stocks fluctuated on Thursday after mixed signals from Federal Reserve Chief Jerome Powell on the outlook for inflation and interest rates. After leaving interest rates steady on Wednesday, the Fed signaled that it is still leaning toward eventual reductions in borrowing costs but needs more evidence that prices are cooling before cutting interest rates. Mainland Chinese markets remained closed for the Labour Day holidays. Hong Kong's Hang Seng Index jumped 2.5 percent to 18,207.13 as traders returned to their desks after a holiday. [Read More]( --------------------------------------------------------------- Commodities Crude oil futures are climbing $0.63 to $79.63 a barrel after plummeting $2.93 to $79 a barrel on Wednesday. Meanwhile,... [Read More]( --------------------------------------------------------------- To unsubscribe from this news bulletin or edit your mailing list settings click [here](. Registered Office/Accounts Dept: Suite 27, Essex Technology Centre, The Gable, Fyfield Road, Ongar, CM5 0GA. Customer Support +1 888-992-3836. Company registered in England and Wales: Number 2374988 VAT No. GB 549 2130 49