U.S. Stocks May Ride Upward Momentum Seen Late Last Week

[ADVFN]( [[Global Email] World Daily Markets Bulletin]( Monday, 06 May 2024 09:13:37 [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 higher open on Monday, with stocks likely to see further upside following the rally seen to close out the previous week. Stocks may continue to benefit from the upward momentum seen over the two previous sessions, which partly reflected renewed optimism about the outlook for interest rates. Relatively dovish comments from Federal Reserve Chair Jerome Powell combined with weaker-than-expected job growth in April have largely eliminated short-lived concerns the Fed might actually consider raising rates. Investors have instead grown increasingly confident about a rate cut in the coming months, with the chances rates will be lower by September now at 91.2 percent, according to CME Group?s FedWatch Tool. Overall trading activity may be somewhat subdued, however, as a lack of major U.S. economic data is likely to keep some traders on the sidelines. The economic calendar remains relatively quiet throughout the week, although a preliminary reading on consumer sentiment in May might attract some attention along with remarks by several Fed officials. Fol... [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]( Richmond Federal Reserve President Thomas Barkin is scheduled to spea... [Read More]( --------------------------------------------------------------- Stocks in Focus Media and entertainment giant Paramount Global (PARA) is moving sharply higher in pre-market trading after report from the New York Times said the company decided to formally open negotiations with a bidding group led by Sony Pictur... [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 have moved to the upside on Monday as weaker-than-expected April U.S. jobs report released on Friday boosted the case for rate cuts by the third quarter. Closer to home, media reports quoted European Central Bank Chief Economist Philip Lane as saying that inflation is returning to the target in a timely manner and hence there is a stronger case for June rate cut. He is one of the six members of the Executive Board... [Read More]( --------------------------------------------------------------- Asia USDCAD [USDCAD]( USDEUR [USDEUR]( USDGBP [USDGBP]( USDJPY [USDJPY]( Asian stocks rose broadly in thin trading on Monday, with Japanese and South Korean markets closed for a public holiday. The dollar index dropped as Friday's data showing weak U.S. job growth spurred expectations for Fed rate cuts. Oil prices rose about 1 percent in Asian trading as Saudi Arabia raised the price of its flagship crude to Asia for a third consecutive month. Gold also traded higher after the Israeli Arm... [Read More]( --------------------------------------------------------------- Commodities Crude oil futures are climbing $0.67 to $78.78 a barrel after sliding $0.84 to $78.11 a barrel last Friday. 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