Futures Pointing To Continued Strength On Wall Street

[ADVFN]( [[Global Email] World Daily Markets Bulletin]( Thursday, 01 August 2024 12:09:55 [ADVFN Twitter]( [Monitor]( [Quote]( [Charts]( [News]( [Toplists]( [Boards]( US Market The major U.S. index futures are currently pointing to a higher open on Thursday, with stocks likely to see further upside following the rally seen in the previous session. Early buying interest may be generated in reaction to upbeat earnings news from Facebook parent Meta Platforms (META). Shares of Meta are surging by 8.8 percent in pre-market trading after the company reported better than expected second quarter results and provided upbeat guidance. Restaurant chain Shake Shack (SHAK) is also seeing substantial pre-market strength after reporting second quarter revenues that exceeded analyst estimates. On the other hand, shares of Moderna (MRNA) may come under pressure after the drugmaker reported better than expected second quarter results but lowered its full-year sales guidance. Stocks may also benefit from optimism about the outlook for interest rates after the Labor Department released a report showing first-time claims for U.S. unemployment benefits rose to their highest level in almost a year in the week ended July 27th. The report... [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]( --------------------------------------------------------------- Europe European stocks have moved lower on Thursday, with a slew of disappointing earnings as well as downbeat PMI and unemployment data weighing on markets. The eurozone manufacturing sector remained in contraction territory in July, according to a survey released earlier today. HCOB's final manufacturing PMI came in unchanged from June at 45.8, a tad higher than the preliminary estimate of 45.6. Separate data from Eurostat showed the euro area unemployment rate rose slightly in June. The unemployment rate posted 6.5 percent in June, up from 6.4 percent in May. The rate was unchanged from June 2023. While the French CAC 40 In... [Read More]( --------------------------------------------------------------- Asia Asian stocks turned in a mixed performance on Thursday as the U.S. dollar sank against the yen and a private survey showed Chinese factory activity shrank for the first time in nine months in July. The dollar index recovered some ground after having fallen to a near two-week low as Federal Reserve Chair Jerome Powell indicated a possible interest rate cut in September. Gold dipped from a two-week peak, while oil extended overnight gains on signs of strong U.S. demand and growing Middle East tensions, with Iran reportedly ordering a retaliatory strike on Israel f... [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.]( --------------------------------------------------------------- Commodities Crude oil futures are rising $0.38 to $78.29 a barrel after soaring $3.18 to $77.91 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