Looming Inflation Data, Powell Testimony May Lead To Choppy Trading On Wall Street

[ADVFN]( [[Global Email] World Daily Markets Bulletin]( Monday, 08 July 2024 10:59:03 [ADVFN Twitter]( [Monitor]( [Quote]( [Charts]( [News]( [Toplists]( [Boards]( US Market The major U.S. index futures are currently pointing to a roughly flat open on Monday, with stocks likely to show a lack of direction after turning in a strong performance last week. Traders may be reluctant to make significant moves ahead of several key economic events this week that could have a significant impact on the outlook for interest rates. While the economic calendar gets off to a slow start today, reports on consumer and producer prices in June will be in the spotlight in the coming days. The Labor Department?s report on consumer prices is expected to show a slowdown in the pace of annual price growth, which could bolster optimism about a rate cut in September. Traders are also likely to pay close attention to Federal Reserve Chair Jerome Powell?s congressional testimony this week, looking for clues about the interest rate outlook. Stocks moved mostly higher over the course of the trading day on Friday, with the major averages all moving to the upside after turning in a mixed performance early in the session. The Nasdaq and the S&P 500 closed higher for the four... [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]( --------------------------------------------------------------- Stocks in Focus Shares of Morphic Holding (MORF) have skyrocketed in pre-market trading after the biopharmaceutical company agreed to be acquired by E... [Read More]( --------------------------------------------------------------- Europe European stocks have eked out modest gains on Monday after a left-wing alliance won the most seats in the French parliament, thwarting the far right in a stunning result to Sunday's second-round vote. However, no single political faction got even close to the majority needed to form a government, creating political mayhem that has undermined the president's power and shaken the foundations of the European Uni... [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 declined on Monday, while the euro rose against the dollar as French elections resulted in unprecedented political uncertainty. A leftist alliance emerged as the surprise winner of the legislative elections, leading to a fragmented parliament with three major groups - left, centre and far right. Meanwhile, after last week's U.S. jobs data, investors looked ahead to the release of U.S. and Chinese inflation figures as well as Fed Chair Jerome Powell's testimony due this week for additional clues on the Fed's monetary policy path. Oil and gold prices traded lower in Asian trading, while the dolla... [Read More]( --------------------------------------------------------------- Commodities Crude oil futures are slipping $0.53 to $82.63 a barrel after falling $0.72 to $83.16 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