Powell Speech Likely To Be In Focus On Wall Street

[ADVFN]( [[Global Email] World Daily Markets Bulletin]( Friday, 23 August 2024 09:53:20 [ADVFN Twitter]( [Monitor]( [Quote]( [Charts]( [News]( [Toplists]( [Boards]( US Market The major U.S. index futures are currently pointing to a higher open on Friday, with stocks likely to move back to the upside after coming under pressure over the course of the previous session. Traders may see the notable decrease on Thursday as a buying opportunity amid ongoing optimism about the outlook for interest rates. Early trading activity is likely to be somewhat subdued, however, as traders look ahead to Federal Reserve Chair Jerome Powell?s speech at the Jackson Hole Economic Symposium. Powell is scheduled to speak on the economic outlook at the symposium beginning at 10 am ET, with traders looking to the central bank chief?s remarks for additional clarity about the outlook for rates. ?Powell is expected to lay the groundwork for the Fed?s first rate cut in over four years,? said Adam Turnquist, Chief Technical Strategist for LPL Financial. ?Signs of reduced pricing pressures and cooling economic growth will likely be enough for policymakers to start reducing the target ... [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 Federal Reserve Chair Jerome Powell is due to speak on the economic outlook before the 2024 Jackson Hole ... [Read More]( --------------------------------------------------------------- Stocks in Focus Shares of Workday (WDAY) are surging in pre-market trading after the human capital management company reported fiscal fourth quarter r... [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 for a third straight session on Friday, as investors brace for Fed Chair Jerome Powell's Jackson Hole speech later in the day for confirmation U.S. rate cuts would start in September. With a potential recession looming in the world's largest economy and inflationary pressures abating, markets currently expect the U.S. Federal Reserve to deliver quarter-point rat... [Read More]( --------------------------------------------------------------- Asia Asian shares ended mixed in muted trading Friday, as investors awaited Fed Chair Jerome Powell's Jackson Hole speech later in the day for confirmation U.S. rate cuts would start in September. The dollar extended its recent sharp slide and Treasury yields eased, while gold edged up slightly but was poised for a weekly loss. Crude oil futures held gains but were on track to end the week lower amid U.S. and Chinese demand concerns. Chinese shares finished modestly higher after a choppy session. The benchmark Shanghai Composite ... [Read More]( --------------------------------------------------------------- Commodities Crude oil futures are surging $1.38 to $74.39 a barrel after jumping $1.08 to $73.01 a barrel on Thursday. 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