Futures Pointing To Continued Strength On Wall Street

[ADVFN]( [[Global Email] World Daily Markets Bulletin]( Thursday, 13 June 2024 12:08:49 [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 Thursday, with stocks likely to see further upside after ending the previous session sharply higher. While the Federal Reserve lowered its forecast for interest rate cuts this year on Wednesday, stocks may continue to benefit from optimism about the outlook for rates following another tamer than expected inflation reading. The Labor Department released a report this morning unexpectedly showing a modest decrease by producer prices in the month of May. The report said the producer price index for final demand dipped by 0.2 percent in May after climbing by 0.5 percent in April. Economists had expected producer prices to inch up by 0.1 percent. The report also said the annual rate of producer price growth slowed to 2.2 percent in May from an upwardly revised 2.3 percent in April. Economists had expected the annual rate of producer price growth to accelerate to 2.5 percent from the 2.2 percent originally reported for the previous month. On the heels of yesterday?s tamer than expected consumer price inflation data, the data may add to optimism Fed officials were being conservative when they forecast just one rate cut this year. Potentially adding to hopes about fut... [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]( The Labor Department released a report on Thursday showing an unexpected increase by first-time claims for U.S. unemployment benefits in the week ended June 8th. The report said initial jobless claims climbed to 242,000, an increase of 13,000 from the previous week's unrevised level of 229,000. Economists had expected jobless claims to edge down to 225,000. With the unexpected increase, jobless claims reached their highest... [Read More]( --------------------------------------------------------------- Stocks in Focus Shares of Broadcom (AVGO) are soaring in pre-market trading after the chipmaker reported better than expected fiscal second quarter results and announced a 10-... [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 declined on Thursday, a day after the U.S. Federal Reserve held interest rates steady but cautioned that inflation is still too high to start cutting rates. Closer to home, European Central Bank Governing Council member Joachim Nagel warned that consumer price growth in the euro zone is proving stubborn and that he and his colleagues won't simply lower borrowing costs automatically. In economic news, Eurostat said in a report that industrial output in the euro zone decl... [Read More]( --------------------------------------------------------------- Asia USDCAD [USDCAD]( USDEUR [USDEUR]( USDGBP [USDGBP]( USDJPY [USDJPY]( Asian stocks rose broadly on Thursday, as soft U.S. inflation data helped keep the door open for a Federal Reserve rate cut in September. However, Chinese and Japanese markets ended lower after Europe threatened to impose provisional duties on imports of Chinese electric vehicles in July. The dollar index regained momentum, keeping gold prices under pressure. Oil prices declined as data showed a surprise U.S. inventory jump and the IEA forecast surplus petroleum production of up to eight million barrels per day by 2030. China's Shanghai Composite Index dropped 0.3 percent to 3,028.92 amid increased U.S. scrutiny of imports from C... [Read More]( --------------------------------------------------------------- Commodities Crude oil futures are falling $0.26 to $78.24 a barrel after climbing $0.60 to $78.50 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