Traders May Take A Breather Following Yesterday?s Rally

[ADVFN]( [[Global Email] World Daily Markets Bulletin]( Thursday, 16 May 2024 09:21:21 [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 roughly flat open on Thursday, with stocks likely to show a lack of direction after surging to record highs in the previous session. Traders may pause to assess the outlook for the markets following yesterday?s rally, which came as consumer prices rose by less than expected in the month of April. The data added to recently renewed optimism about the Federal Reserve cutting interest rates in the coming months. Potentially adding to the interest rate optimism, the Labor Department released a report this morning showing a pullback by initial jobless claims in the week ended May 11th. The Labor Department said initial jobless claims slid to 222,000, a decrease of 10,000 from the previous week's revised level of 232,000. Economists had expected jobless claims to fall to 220,000 from the 231,000 originally reported for the previous week. However, the positive sentiment may be partly offset by a separate Labor Department report showing U.S. import prices jumped by much more than expected in the month of April. The report said import prices shot up by 0.9 percent in April after climbing by an upwardly revised 0.6 percent in March. Economists had expected import prices to rise by 0.3 percent compared to the 0.4 percent increase originally reported fo... [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]( A report released by the Labor Department on Thursday showed first-time claims for U.S. unemployment benefits fell roughly in line with estimates in the week ended May 11th. The Labor Department said initial jobless claims slid to 222,000, a decrease of 10,000 from the previous week's revised level of 232,000. Economists had expected jobless claims to fall to 220,000 from the 231,000 originally reported for the previous week. Meanwhile, the report said the less volatile four-week moving average rose to 217,750, an increase of 2,500 from the previous week's revised average of 215,250. The Labor Department also released a report on Thursday showing U.S. import prices jumped by much more than expected in the month of April. The report said import prices shot up by 0.9 percent in April after climbing by an upwardly revised 0.6 percent in March. Economists had expected import prices to rise by 0.3 percent compared to the 0.4 percent increase originally reported for the previous month. The annual rate of growth by import prices accelerated to 1.1 ... [Read More]( --------------------------------------------------------------- Europe European stocks are subdued on Thursday as softer U.S. consumer inflation data brought Fed rate cuts back into focus. The dollar was on the back foot and U.S Treasury yields sank to six-week troughs as investors awaited comments from Federal Reserve officials for additional clues on the rate outlook. Closer to home, the European Central Bank is widely expected to start cutting interest rates from a record high in June, with economists expecting up to three rate cuts this year. Whi... [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.]( --------------------------------------------------------------- Asia USDCAD [USDCAD]( USDEUR [USDEUR]( USDGBP [USDGBP]( USDJPY [USDJPY]( Asian stocks rallied on Thursday after Wall Street's three major indexes notched record closes overnight on optimism that inflation is heading back in the right direction and that there will be two interest rate cuts by the U.S. Federal Reserve in 2024. Gold was little changed in Asian trading after climbing by 1 percent on Wednesday, aided by a drop in the dollar index and U.S. bond yields. Oil extended gains from the previous session after data showed a larger-than-expected drawdown in U.S. crude inventories. China's S... [Read More]( --------------------------------------------------------------- Commodities Crude oil futures are rising $0.49 to $79.12 a barrel after climbing $0.61 to $78.63 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