Bargain Hunting May Contribute To Initial Rebound On Wall Street

[ADVFN]( [[Global Email] World Daily Markets Bulletin]( Monday, 09 September 2024 12:35:52 [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 regain ground following the sell-off seen last Friday. Traders may look to pick up stocks at somewhat reduced levels following the steep drop seen last week, which dragged the Nasdaq down to its lowest levels in nearly a month. Optimism the Federal Reserve will lower interest rates later this month may also contribute to initial strength on Wall Street despite lingering concerns about the outlook for the U.S. economy. Overall trading activity may be somewhat subdued, however, as traders look ahead to the release of closely watched reports on consumer and producer price inflation later this week. The reports are expected to show a slowdown by the annual rate of consumer price growth but an acceleration by the annual rate of producer price growth. While the Fed is almost universally expected to begin lowering interest rates later this month, the data could impact expectations... [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 The Commerce Department is scheduled to release its report on wholesale inventories in the ... [Read More]( --------------------------------------------------------------- Europe European stocks have moved higher on Monday ahead of consumer price inflation figures from Germany, Spain and France due later in the week. The governing council of the European Central Bank will meet on Thursday, and it is widely expected that the board will reduce interest rates for the second time this year. Elsewhere, the U.S. Labor Department will release the consumer price index... [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 due to lingering worries about U.S. and Chinese growth. Responding to Friday's weak jobs data, U.S. Treasury Secretary Janet Yellen said that the U.S. economy remains strong and that recent months of cooler jobs data is a signal of a soft landing, not a recession. The dollar fluctuated ahead of August inflation data due this week and the Federal Reserve's policy meeting on September 17 and 18. Gold was subdued under $2,500 per ounce, while oil prices jumped more than 1 percent in Asian trading following last week's brutal sell-off. Chinese and Hong Kong markets led regional losses a... [Read More]( --------------------------------------------------------------- Commodities Crude oil futures are climbing $0.67 to $68.34 a barrel after tumbling $1.48 to $67.67 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