Futures Pointing To Initial Pullback On Wall Street

[ADVFN]( [[Global Email] World Daily Markets Bulletin]( Tuesday, 05 July 2022 09:13:11 [ADVFN Twitter]( [Monitor]( [Quote]( [Charts]( [News]( [Toplists]( [Boards]( [Buy Alert For $2 Coin]( The man who picked Bitcoin in 2014 when it was trading for just $369... picked Ethereum in 2016 when it was trading for just $7, AND even warned his followers of the 2020 crash. Now he believes a tiny $2 coin is set to SOAR! Maybe even as soon as this month. So if you missed Bitcoin and Ethereum... this could be your final chance at mind boggling crypto gains. Learn how to get in front of this massive opportunity. [Click here now before it's too late.]( --------------------------------------------------------------- US Market Bitcoin [Bitcoin]( DAX [DAX]( Dow Jones [Dow Jones]( Nasdaq [Nasdaq]( The major U.S. index futures are currently pointing to a lower open on Tuesday, with stocks likely to give back ground after ending last Friday?s trading sharply higher. Stocks showed wild swings over the course of the trading session on Friday before ending the day sharply higher. With the strong upward move, the major averages regained some ground after moving notably lower over the past few sessions. The major averages saw further upside in the final hour of trading, reaching new highs for the session. The Dow jumped 321.83 points or 1.1 percent to 31,097.26, the Nasdaq advanced 99.11 points or 0.9 percent to 11,127.85 and the S&P 500 shot up 39.95 points or 1.1 percent to 3,825.33. Despite the strong gains on the day, the major averages posted notable losses for the week. The tech-heavy Nasdaq plunged by 4.1 percent, the S&P 500 tumbled by 2.2 percent and the Dow slumped by 1.3 percent. The higher close on Wall Street came as traders went bargain hunting following the significant decrease seen early in the session. Concerns about the possibility of tighter monetary policy triggering a global recession continue to weigh on the markets in early trading. Central banks from around the world have signaled their intent to continue to raising interest rates in an effort to fight inflation while acknowledging they can't guarantee a "soft landing" for the economy. Stocks came under pressure following the release of a report from the Institute for Supply Management showing the pace of growth in U.S. manufacturing activity slowed by more than expected in the month of June. The ISM said its manufacturing PMI slid to 53.0 in June from 56.1 in May, although a reading above 50 still indicates growth in the sector. Economists had expected the index to dip to 54.9. With the bigger than expected decrease, the manufacturing PMI slumped to its lowest level since hitting 52.4 in June of 2020. A separate report from the Commerce Department showed U.S. construction spending unexpectedly edged lower in the month of May. "Wall Street isn't liking seeing so many key economic indicators have a trajectory that looks like they will retest some of the pandemic lows," said Edward Moya, Senior Market Analyst at OANDA. He added, "A choppy period seems likely until investors feel confident that the economy is still in decent shape and that the Fed won't miss the opportunity to decelerate their tightening pace in September." Housing stocks moved sharply higher over the course of the trading session, driving the Philadelphia Housing Sector Index up by 3.9 percent. Substantial strength also emerged among gold stocks, as reflected by the 2.9 percent spike by the NYSE Arca Gold Bugs Index. The index rebounded after hitting its lowest intraday level in over two years. The rally by gold stocks came despite a continued decrease by the price of the precious metal.. Biotechnology stocks also showed a strong move to the upside on the day, resulting in a 2.5 percent jump by the NYSE Arca Biotechnology Index. Utilities, airline, retail and commercial real estate stocks also moved notably higher over the course of the session, while significant weakness remained visible among semiconductor and computer hardware stocks. --------------------------------------------------------------- ["I only trade ONE stock & I NEVER worry about..."]( The name of the ONE stock (ticker symbol and all) that has helped over 170,000 people discover how to gain their financial freedom... [Learn more]( --------------------------------------------------------------- U.S. Economic Reports CADUSD [CADUSD]( Oil [Oil]( Gold [Gold]( EURUSD [EURUSD]( The Commerce Department is scheduled to release its report on new orders for manufactured goods in the month of May at 10 am ET. Factory orders are expected to increase by 0.5 percent. --------------------------------------------------------------- [#1 Crypto to buy in 2022]( A groundbreaking new $30 Trillion shock wave is taking the crypto world by storm... and all the smart money is moving ahead of this upcoming shock. Jeff Bezos, Mark Zuckerburg, Mark Cuban and Bill Gates are all moving their money as we speak. But the real story is the tiny $2 crypto situated at the forefront of this $30 trillion wave. [Click here to see the $2 coin leading the way.]( --------------------------------------------------------------- Europe European stocks fell on Tuesday after a survey showed business growth across the euro zone slowed further last month, partly due to inflationary pressures. Signs of a flare-up in COVID-19 cases in China also added to global growth worries and offset signs of an easing in U.S.-Sino tensions. The pan European Stoxx 600 dropped 0.8 percent to 406.26 after rising half a percent on Monday. The German DAX fell 1.1 percent, France's CAC 40 index declined 1.2 percent and the U.K.'s FTSE 100 was down 1.3 percent. Scandinavian airline SAS slumped 14 percent after it applied for bankruptcy in the United States to help accelerate restructuring plans. French wine and spirits company Remy Cointreau jumped more than 4 percent after Jefferies upgraded the stock to "buy" from "hold". German online food-delivery service Delivery Hero SE gained 1 percent. The company said it has successfully taken all closing actions for the transaction in relation to GlovoApp23 S.A. Deutsche Post DHL fell about 1 percent. The package delivery and supply chain management company said that its division, DHL eCommerce Solutions, is investing 560 million euros across its UK ecommerce operation- DHL Parcel UK. British supermarket chain J Sainsbury rallied 1.2 percent after confirming its full-year outlook. B&M European Value Retail S.A. declined 1.5 percent. The convenience retailer has appointed Mike Schmidt as its next chief financial officer. --------------------------------------------------------------- [Watch A.I. Forecast Your Stocks in Less than a Minute]( Artificial intelligence makes trading simple. See what stocks are on the rise this week, and what trades you should probably exit?before it?s too late. Save your seat at our LIVE online demonstration and see your stock forecasted today. [Join LIVE online demonstration]( --------------------------------------------------------------- Asia USDCAD [USDCAD]( USDEUR [USDEUR]( USDGBP [USDGBP]( USDJPY [USDJPY]( Asian stocks advanced on Tuesday after reports emerged that the United States may decide to cut some tariffs on Chinese imports in an effort to tame record-high inflation. China's Vice Premier Liu He and U.S. Treasury Secretary Janet Yellen held a virtual call Tuesday about macroeconomic issues, according to official statements from both sides. Meanwhile, China's services activity jumped to the highest level in nearly a year in June and Japan's services activity expanded at the fastest pace since October 2013, briefly easing concerns about slowing global growth. Chinese shares fluctuated before ending on a flat note, as concerns over a flare-up in COVID-19 cases offset signs of easing Sino-U.S. tensions and upbeat business activity data for June. The benchmark Shanghai Composite finished marginally lower at 3,404.03 while Hong Kong's Hang Seng index edged up 0.1 percent to 21,853.07. Japanese shares rose sharply as investors brought down beaten-down technology and growth stocks, tracking declines in U.S. yields. The Nikkei average climbed 1.03 percent to 26,423.47 while the broader Topix index closed half a percent higher at 1,879.12. Technology investor SoftBank Group rallied 1.8 percent and Uniqlo owner Fast Retailing surged 4.3 percent. Shipping firms traded weak, with Mitsui O.S.K. Lines and Kawasaki Kisen Kaisha losing 3-4 percent. Seoul stocks rallied despite inflation in the country rising to a 24-year high in June, fanning expectations of a big rate hike this month. The Kospi average soared 1.80 percent to 2,341.78, snapping a four-day losing streak ahead of the earnings season. Internet portal operator Naver gained 3.4 percent and platform giant Kakao added 5.7 percent. Vaccine maker SK Bioscience spiked nearly 25 percent after the country reported over 18,000 new COVID-19 cases in the past 24 hours. Australian markets eked out modest gains as the Reserve Bank raised its cash rate by 50 basis points to 1.35 percent, its third successive increase to combat inflation, and flagged more tightening ahead. The benchmark S&P/ASX 200 rose 0.25 percent to 6,629.30 while the broader All Ordinaries index inched up 0.31 percent to 6,818.10. Energy stocks topped the gainers list followed by information technology stocks. --------------------------------------------------------------- Do you have a full view of the market? Level 2 lets you see all of the orders to buy and sell shares, allowing you to see what is really going on in the market. If you don?t have this in your trading toolkit, you?re at a serious disadvantage. [Learn More / Upgrade]( --------------------------------------------------------------- Commodities Crude oil futures are rising $0.38 to $108.81 a barrel after jumping $2.67 to $108.43 a barrel last Friday. Meanwhile, after slipping $5.80 to $1,801.50 an ounce in the previous session, gold futures are inching up $2.10 to $1,803.60 an ounce. On the currency front, the U.S. dollar is trading at 135.74 yen compared to the 135.62 yen it fetched on Monday. Against the euro, the dollar is valued at $1.0294 compared to yesterday?s $1.0422. --------------------------------------------------------------- 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