Futures Pointing To Roughly Flat Open On Wall Street

[ADVFN]( [[Global Email] World Daily Markets Bulletin]( Friday, 12 July 2024 09:02:26 [ADVFN Twitter]( [Monitor]( [Quote]( [Charts]( [News]( [Toplists]( [Boards]( US Market The major U.S. index futures are currently pointing to a roughly flat higher open on Friday, with stocks likely to show a lack of direction following the substantial downturn seen over the course of the previous session. Traders may take a step back following the recent volatility in the markets, which saw stocks surge on Wednesday before pulling back sharply on Thursday. Early trading may be impacted by reaction to a Labor Department report showing producer prices in the U.S. increased by slightly more than expected in the month of June. The Labor Department said its producer price index for final demand rose by 0.2 percent in June following a revised unchanged reading in May. Economists had expected producer prices to inch up by 0.1 percent compared to the 0.2 percent dip originally reported for the previous month. The report also said the annual rate of producer price growth accelerated to 2.6 percent in June from an upwardly revised 2.4 percent in May. The annual rate of producer price growth was expected to creep up to 2.3 percent from the 2.2 percent originally reported for the previous month. Traders are also reacting to earnings news from several big-name financial companies, with Wells Fargo (WFC) moving sharply lower in pre-market trading after reporting weaker than expected net int... [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 Following yesterday?s tamer-than-expected consumer price inflation data, the Labor Department released a report on Friday showing producer prices in the U.S. increased by slightly more than expected in the month of June. The Labor Department said its producer pr... [Read More]( --------------------------------------------------------------- Europe European stocks have moved higher for a third straight session on Friday as surprisingly soft U.S. inflation data bolstered hopes for two Federal Reserve rate cuts this year. While the French CAC 40 Index has advanced by 0.7 percent, the German DAX In... [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 Asian stocks ended mixed on Friday as investors reacted to surprisingly soft U.S. inflation data, mixed Chinese trade figures and comments from several Federal Reserve officials on the interest rate trajectory. The dollar edged up slightly as the latest inflation data fueled bets for a September rate cut and a Pew Research Centre poll showed former President Trump leading President Biden by 4 points among registered voters. Gold edged lower but was headed for a third straight week of gains. Oil extended gains amid signs of easing inflationary pressu... [Read More]( --------------------------------------------------------------- Commodities Crude oil futures are climbing $0.73 to $83.35 a barrel after rising $0.52 to $82.62 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