Biden's Withdrawal From Presidential Race Seemingly Welcomed By Wall Street

[ADVFN]( [[Global Email] World Daily Markets Bulletin]( Monday, 22 July 2024 09:11:52 [ADVFN Twitter]( [Monitor]( [Quote]( [Charts]( [News]( [Toplists]( [Boards]( US Market The major U.S. index futures are currently pointing to a higher open on Monday, with stocks likely to move to the upside following the mixed performance seen last week. The upward momentum on Wall Street comes after President Joe Biden announced his decision to drop out of the presidential race and endorsed his Vice President Kamala Harris. Biden has been under pressure to step aside after his disastrous debate performance raised questions about his fitness to serve another term as president. While Republican nominee Donald Trump is seen as a more pro-business candidate, his return to the White House could also lead to increased trade tensions with China. ?The market appears to have welcomed Joe Biden?s withdrawal from the presidential race, given how futures prices imply a decent opening for Wall Street,? said Dan Coatsworth, investment analyst at AJ Bell. ?However, there is still a lot of uncertainty until the new Democratic candidate is confirmed,? he added. ?That means we could... [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]( --------------------------------------------------------------- Europe European stocks have bounced back on Monday after suffering steep losses in the previous session following a global IT outage linked to issues at cybersecurity firm CrowdStrike. The dollar slid, while Treasuries rose as investors weighed the implications of U.S. President Joe Biden's exit from the presidential election. Amid growing calls within his Democratic Party for his stepping down, Biden endorsed his Vice President Kamala Harris for the Democratic nomination. While the U.K.?s FTSE 100 Index... [Read More]( --------------------------------------------------------------- Asia Asian stocks fell broadly on Monday as President Joe Biden announced his withdrawal from the 2024 presidential race against Donald Trump and China's central bank unexpectedly lowered its one-year benchmark loan prime rate to bolster a slowing economy. The dollar eased slightly as Biden endorsed Vice President Kamala Harris as the new Democratic nominee. Gold held steady above $2,400 per ounce, while oil prices edged up slightly in Asian trading after having hit a four-week low on Friday. [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.]( --------------------------------------------------------------- Commodities Crude oil futures are falling $0.51 to $79.62 a barrel after plunging $2.69 to $80.13 a barrel last Friday. Meanwhile, a... [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