Escalating Middle East Tensions May Continue To Weigh On Wall Street

[ADVFN]( [[Global Email] World Daily Markets Bulletin]( Wednesday, 02 October 2024 09:02:36 [ADVFN Twitter]( [Monitor]( [Quote]( [Charts]( [News]( [Toplists]( [Boards]( US Market The major U.S. index futures are currently pointing to a lower open on Wednesday, with stocks likely to see further downside following the steep drop seen on Tuesday. Concerns about escalating tensions in the Middle East may continue to weigh on Wall Street following Iran?s ballistic missile attack against Israel on Tuesday. While Iran has said it is not interested in a wider war, the attacks have contributed to a surge by the price of crude oil, leading to worries higher energy prices will lead to a resurgence in inflation. Waning optimism the Federal Reserve will continue to aggressively lower interest rates may also generate selling pressure after payroll processor ADP released a report showing stronger than expected private sector job growth in the month of September. ADP said private sector employment climbed by 143,000 jobs in September after rising by an upwardly revised 103,000 jobs in August. Economists had expected private sector employment to advance by 120,000 jobs compared to the addition of 99,... [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 Private sector employment in the U.S. increased by more than expected in the month of September, according to a report released by payroll processor ADP on Wednesday. ADP said private sector employment climbed by 143,000 jobs in September after rising by an upwardly revised 103,000 jobs in August. Economists had expected private sector employment to advance by 120,000 jobs compared ... [Read More]( --------------------------------------------------------------- Europe European stocks are turning in a mixed performance on Wednesday, with energy stocks surging as oil extended an overnight rally on concerns that Middle East tensions could escalate and potentially disrupt crude output from the region. In economic news, the Eurozone's unemployment rate came in unchanged at 6.4 percent in August, matching expectations. While the U.K.?s FTSE 100 Index is up by 0.1 p... [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 ended mostly lower on Wednesday, even as Hong Kong shares continued to surge on stimulus euphoria. A cautious undertone prevailed following Tehran's sharp but brief strike in reprisal for Israel's attacks on Lebanon in recent days. The dollar rose on safe-haven demand, sending gold prices lower in Asian trading. Oil extended an overnight rally amid worries that Middle East tensions could escalate and potentially disrupt crude output from the region. Markets in mainland China remained closed for Golden Week holidays. Hong Kong's Hang Seng index surged 6.2 percent to 22,443.73 as trading resumed after a holiday on Tuesday. Real estate and tech stoc... [Read More]( --------------------------------------------------------------- Commodities Crude oil futures are surging $2.04 to $71.87 a barrel after jumping $1.66 to $69.83 a barrel on Tuesday. Meanwhile, an ounc... [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