Futures Pointing To Sharply Higher Open On Wall Street

[ADVFN]( [[Global Email] World Daily Markets Bulletin]( Thursday, 19 September 2024 09:56:09 [ADVFN Twitter]( [Monitor]( [Quote]( [Charts]( [News]( [Toplists]( [Boards]( US Market The major U.S. index futures are currently pointing to a sharply lower open on Thursday, with stocks likely to see an early rally after ending yesterday?s session moderately lower following late-day volatility. The considerable upward momentum on Wall Street comes as traders continue to digest the Federal Reserve?s decision on Wednesday to slash interest rates by 50 basis points. Fed officials also forecast continued rate cuts over the comings months and into next year, generating optimism the central bank will be able to engineer a soft landing for the economy. Potentially adding to the buying interest, the Labor Department recently released a report showing first-time claims for U.S. unemployment benefits unexpectedly fell to a nearly four-month low in the week ended September 14th. The report said initial jobless claims slid to 219,000, a decrease of 12,000 from the previous week's revised level of 231,000. Economists had expected jobless claims to come in unchanged compared to the 230,000 originally reported for the previous week. [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 First-time claims for U.S. unemployment benefits unexpectedly fell to a nearly four-month low in the week ended September 14th, according to a report released by the Labor Department on Thursday. The report said initial jobless claims slid to 219,000, a decrease of 12,000 from the previous week's revised level of 231,000. Economists had expected jobless claims to come in unchanged compared to the 230,000 originally reported for the previous week. With th... [Read More]( --------------------------------------------------------------- Europe European stocks have advanced on Thursday after the U.S. Federal Reserve slashed its key rate by 50 basis points and signaled further easing, raising hopes of a soft landing for the world's largest economy. The Bank of England decided to maintain its benchmark rate on Thursday after a quarter-point cut last month and also extended its bond reduction pl... [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 rose broadly on Thursday after the U.S. Federal Reserve announced a larger-than-usual 50 basis point reduction in borrowing costs and signaled further easing in the months ahead, reflecting its new focus on bolstering the job market. The dollar bounced back and long-dated bond yields rose, while gold hovered near a record high. Oil prices rebounded despite lingering concerns over global demand. China's Shanghai Composite Index climbed 0.7 percent to 2,736.02, while Hong Kong's Hang Seng Index surged ... [Read More]( --------------------------------------------------------------- Commodities Crude oil futures are climbing $0.70 to $71.61 a barrel after dipping $0.28 to $70.91 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