Optimism About Tech Earnings, Rate Cut May Lead To Strength On Wall Street

[ADVFN]( [[Global Email] World Daily Markets Bulletin]( Monday, 29 July 2024 12:37:22 [ADVFN Twitter]( [Monitor]( [Quote]( [Charts]( [News]( [Toplists]( [Boards]( US Market The major U.S. index futures are currently pointing to a higher open on Monday, with stocks likely to add to the strong gains posted last Friday. Optimism ahead of the release of earnings news from several major technology companies may contribute to early strength on Wall Street. Microsoft (MSFT), Meta Platforms (META), Apple (AAPL) and Amazon (AMZN) are among the companies due to report their quarterly results this week. The markets may also continue to benefit from optimism about the outlook for interest rates ahead of the Federal Reserve?s monetary policy meeting this week. While the Fed is widely expected to leave interest rates unchanged, traders will be looking to the accompanying statement to increase confidence about a rate cut in September. According to CME Group?s FedWatch Tool, there is currently an 89.6 percent chance the Fed will lower rates by a quarter point in September and a 10.1 percent chance of a half point rate cut. Later in the week, the focus is likely to shift to the Labor Department?s closely watched monthly jobs report for July. Following the mixed performance s... [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 No major U.S. e... [Read More]( --------------------------------------------------------------- Stocks in Focus Shares of Revvity (RVTY) are moving sharply higher in pre-market trading after the biotechnology company reported second quarter results that exceeded analyst estimates on both the top an... [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 are turning in a mixed performance on Monday as signs of escalating tensions in the Middle East offset hopes for more interest rate cuts from the Federal Reserve this year. Investors also awaited the release of mega-cap U.S. tech earnings and central bank policy meetings in the United States, Japan and the U.K. this week for directional cues. While the U.K.?s FTSE 100 Index is down by 0.5 percent, the German DAX Index is up by 0.2 percent and... [Read More]( --------------------------------------------------------------- Asia Asian stocks advanced on Monday, tracking a broad rally on Wall Street Friday as soft inflation data bolstered hopes of more interest rate cuts his year. Investors also looked ahead to the release of mega-cap U.S. tech earnings and central bank policy meetings in the United States, Japan and the U.K. for directional cues. The dollar started the week on a weak note, while oil and gold prices rose on signs of escalating tensions in the Middle East. The U.S. Federal Reserve will wrap up its policy meeting on Wednesday and the policy statement may provide clarity on whether there will be a rate cut in September. This week also brings U.S. jo... [Read More]( --------------------------------------------------------------- Commodities Crude oil futures are falling $0.29 to $76.87 a barrel after tumbling $1.12 to $77.16 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