Rate Cut Optimism May Lead To Early Strength On Wall Street Ahead Of Fed Minutes

[ADVFN]( [[Global Email] World Daily Markets Bulletin]( Wednesday, 21 August 2024 09:16:54 [ADVFN Twitter]( [Monitor]( [Quote]( [Charts]( [News]( [Toplists]( [Boards]( US Market The major U.S. index futures are currently pointing to a slightly higher open on Wall Street on Wednesday, with stocks likely to move back to the upside after ending yesterday?s choppy trading session modestly lower. Optimism about the outlook for interest rates may lead stocks to resume their upward trend ahead of the release of the minutes of the Federal Reserve?s latest monetary policy meeting. The Fed is due to release the minutes of its late July meeting this afternoon, and traders will be looking for the minutes to support expectations of an interest rate cut next month. Ahead of the... [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 16th at 10:30 am ET. Crud... [Read More]( --------------------------------------------------------------- Stocks in Focus Shares of Target (TGT) are moving sharply higher in pre-market trading after the retailer reported fiscal second quarter earnings that far exceeded analyst estimates. Electr... [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 moved higher in cautious trading on Wednesday ahead of the release of the Federal Reserve's July meeting minutes and preliminary revisions to U.S. labor data later in the day. The dollar dipped against major currencies, tracking overnight declines in U.S. Treasury yields as investors brace for Fed Chair Jerome Powell's upcoming speech at the Kans... [Read More]( --------------------------------------------------------------- Asia Asian stocks fluctuated before ending mixed on Wednesday as investors awaited cues on future rate cuts in the U.S. Minutes of the Fed's July meeting due to be published later today and Fed Chair Powell's keynote speech at the Jackson Hole Symposium on Friday are expected to provide greater clarity on monetary policy easing. The dollar extended its weakness against other major currencies, helping gold prices push higher in Asian trading. Oil was little changed as estimates showed swelling U.S. crude inventories. China's Shanghai Composite Index dropped 0.4 pe... [Read More]( --------------------------------------------------------------- Commodities Crude oil futures are inching up $0.13 to $73.30 a barrel after falling $0.49 to $73.17 a barrel on Tuesday. Meanwhile, an ... [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