Futures Pointing To Initial Pullback On Wall Street

[ADVFN]( [[Global Email] World Daily Markets Bulletin]( Wednesday, 25 September 2024 09:09:50 [ADVFN Twitter]( [Monitor]( [Quote]( [Charts]( [News]( [Toplists]( [Boards]( US Market The major U.S. index futures are currently pointing to a modestly lower open on Wednesday, with stocks likely to give back ground following the upward seen in the previous session. Profit taking may contribute to initial weakness on Wall Street, as some traders look to cash in on the recent strength in the markets. Following the rally seen last Friday, stocks have seen further upside to start the week, with the Dow and the S&P 500 reaching new record highs. Overall trading activity may be somewhat subdued, however, as traders continue to await the next catalyst for the markets following the Federal Reserve?... [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 new home sales in the month of August at 10 am ET. New home sales are expected to decrease to an annual rate of 700,000 in August after surging to a rate o... [Read More]( --------------------------------------------------------------- Europe European stocks were subdued on Wednesday as investors reassessed the ability of China's stimulus to boost demand. Earlier today, China's central bank lowered the cost of its medium-term loans to banks in a move consistent with other broad policy to shore up growth in the world's second-largest economy. In addition, Sweden's central bank has cut its key interest rate by a quarter point and said it envisioned another two cuts this year. In economic news, French consumer sentiment strengthened to the h... [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 were muted on Wednesday even as Chinese and Hong Kong markets posted strong gains to extend the previous session's rally after China's central bank slashed its medium-term lending facility from 2.3 percent to 2.0 percent, marking the largest reduction of interest rates for one-year loans to financial institutions in history. The dollar hit a new one-month low versus the euro and a 2 1/2-year trough to sterling as weak U.S. data bolstered the case for deeper rate cuts. Gold held near record levels amid increased bets for another super-sized interest rate cut at the Federal Reserv... [Read More]( --------------------------------------------------------------- Commodities Crude oil futures are tumbling $1.47 to $70.09 a barrel after jumping $1.19 to $71.56 a barrel on Tuesday. Meanwhile, an ou... [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