U.S. Stocks May Add To Last Week?s Strong Gains In Early Trading

[ADVFN]( [[Global Email] World Daily Markets Bulletin]( Monday, 20 May 2024 09:05:15 [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 poised to add to the strong gains posted last week. The markets may continue to benefit from recent upward momentum, which lifted the major averages to new record highs last week. The Dow closed above 40,000 for the first time last Friday amid renewed optimism about the outlook for interest rates. While the Federal Reserve is widely expected to leave interest rates unchanged next, CME Group?s FedWatch Tool is currently indicating a 74.3 percent chance rates will be a quarter point lower by September. Overall trading activity is likely to be somewhat subdued, however, with a lack of major U.S. economic data keeping some traders on the sidelines. The economic calendar remains relatively quiet throughout the week, although reports on durable goods orders and new and ex... [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]( Federal Reserve Vice Chair for Supervision Michael Barr is scheduled to speak on ?Bank Supervision and Regulation? before the 2024 Financial Markets Conference hosted by the Federal Reserve Bank of Atlanta at ... [Read More]( --------------------------------------------------------------- Stocks in Focus Shares of Johnson Controls (JCI) are moving sharply higher in pre-market trading after a report from Bloomberg News said activist investor Elliott Investment Management ... [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 higher on Friday as investors welcome stimulus measures in China to support the country's property sector and pondered the outlook for rates. European sovereign bond yields crept up after ECB Governing Council member Martins Kazaks indicated in a Bloomberg Adria interview that June seems the right moment to start lowering borrowing costs, but future moves will be largely determined by incoming data. He emphasized that any reductio... [Read More]( --------------------------------------------------------------- Asia USDCAD [USDCAD]( USDEUR [USDEUR]( USDGBP [USDGBP]( USDJPY [USDJPY]( Asian stocks advanced on Monday due to rising expectations for Fed rate cuts in 2024 and China's stimulus measures announced last week to support the country's struggling property market. The dollar held steady in Asian trading, while gold prices jumped more than 1 percent to reach a record high due to adjustment in interest rate expectations. Oil prices saw modest gains due to political uncertainty in two of the world's major crude producers. Iran's President Ebrahim Raisi and Foreign Minister Hossein Amir-Abdollahian have been declared dead following a helicopter crash due to heavy fog near Jolfa, a city bordering Azerbaijan. Separately, Saudi ... [Read More]( --------------------------------------------------------------- Commodities Crude oil futures are falling $0.60 to $79.46 a barrel after climbing $0.83 to $80.06 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