Futures Pointing To Extended Rebound On Wall Street

[ADVFN]( [[Global Email] World Daily Markets Bulletin]( Wednesday, 07 August 2024 11:15:24 [ADVFN Twitter]( [Monitor]( [Quote]( [Charts]( [News]( [Toplists]( [Boards]( US Market The major U.S. index futures are currently pointing to sharply higher open on Wall Street on Wednesday, with stocks likely to extend the rebound seen in the previous session. While stocks saw a notable advance during Tuesday?s session, traders may still see stocks as oversold following the recent weakness in the markets. Concerns the U.S. economy is headed for a recession dragged the Nasdaq and the S&P 500 down to three-month lows on Monday. Positive sentiment may also be generated in reaction to quarterly results from Disney (DIS), as the entertainment giant reported better than expected fiscal third quarter earnings. Overall trading activity may be somewhat subdued, however, as a lack of ... [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 The Energy Information Administration is scheduled to release its report on oil inventories in the week ended August 2nd at 10:30 am ET. Crude oi... [Read More]( --------------------------------------------------------------- Europe European stocks have climbed on Wednesday, tracking firm cues from Asian markets after Bank of Japan Deputy Governor Uchida Shinichi said the central bank won't raise interest rates when financial markets are volatile. In economic news, German industrial output grew 1.4 percent in June, according to data from Destatis. Production was expected to climb 1.0 percent after declining by a revised 3.1 percent in May. Germany's exports declined more than expected in June, while imports posted a moderate recovery, separate set of data revealed. Elsewhere, revised official data showed Britain's economy grew more strongly than previously thought in 2022. GDP jumped 4.8 percent in 2022, instead of the 4.3 percent previously estimated, the Office for National Statist... [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 advanced on Wednesday after Bank of Japan Deputy Governor Uchida Shinichi said the central bank won't raise interest rates when financial markets are volatile. The dollar held steady in Asian trading and gold edged up marginally after Federal Reserve officials reassured markets that the U.S. is not headed for a recession. Oil prices fluctuated in Asian trading after industry data showed an unexpected inventory build, countering global oil supply concerns. China's Shanghai Composite Index finished marginally higher at 2,869.83 after July trade data proved t... [Read More]( --------------------------------------------------------------- Commodities Crude oil futures are surging $1.72 to $74.92 a barrel after rising $0.26 to $73.20 a barrel on Tuesday. Meanwhile, an ounc... [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