Futures Pointing To Modestly Higher Open On Wall Street

[ADVFN]( [[Global Email] World Daily Markets Bulletin]( Monday, 13 May 2024 09:08:22 [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 modestly higher open on Monday, with stocks likely to add to the strong gains posted last week. The markets may continue to benefit from recent upward momentum, which has led to an eight-day winning streak for the Dow. Renewed optimism about an interest rate cut by Federal Reserve in the coming months has contributed to the recent strength, although key inflation data due this week could have a significant impact on the outlook for rates. The Labor Department is scheduled to release its reports on producer and consumer price inflation on Tuesday and Wednesday, respectively. Economists expect producer prices to rise by 0.3 percent in April after edging up by 0.2 percent in March, while the annual rate of growth is expected to tick up to 2.2 percent from 2.1 percent. Consumer prices are expected to climb by 0.4 percent in April, matching the increase seen in March. Core consumer prices, which exclude food and energy prices, are expected to rise by 0.3 percent in April after climbing by 0.4 percent in March. The annua... [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]( Cleveland Federal Reserve President Loretta Mester and Federal ... [Read More]( --------------------------------------------------------------- Stocks in Focus Shares of GameStop (GME) are soaring in pre-market trading after social media persona ?Roaring Kitty,? whose posts helped spark a frenzy of activity in the video game... [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 struggled for direction on Monday after a recent string of gains. A cautious undertone has prevailed after more Federal Reserve officials said on Friday that U.S. interest rates are likely to remain at elevated levels until there is clear sign that the rate of inflation is slowing. Investors looked ahead to the release of key U.S. inflation data and Fed Chair Jerome Powell's speech due this week for addit... [Read More]( --------------------------------------------------------------- Asia USDCAD [USDCAD]( USDEUR [USDEUR]( USDGBP [USDGBP]( USDJPY [USDJPY]( Asian stocks ended lower on Monday after the release of weak lending and mixed inflation data from China. U.S. rate worries persisted, and Israel forces advanced deeper into Rafah despite warnings from the U.S. and Egypt, further weighing on sentiment. In addition, media reports suggested that the Biden administration plans to raise tariffs on Chinese electric vehicle imports from 25 percent to 100 percent. The dollar rose against its major rivals ahead of key U.S. inflation data and Fed Chair Jerome Powell's speech due this week that might shed additional light on the outlook for rates. Gold dropped below $2,350 per ounce in Asian trading, whi... [Read More]( --------------------------------------------------------------- Commodities Crude oil futures are climbing $0.62 to $78.88 a barrel after slumping $1 to $78.26 a barrel last Friday. Meanwhile, a... [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