Futures Pointing To Initial Pullback On Wall Street

[ADVFN]( [[Global Email] World Daily Markets Bulletin]( Monday, 07 October 2024 09:12:46 [ADVFN Twitter]( [Monitor]( [Quote]( [Charts]( [News]( [Toplists]( [Boards]( US Market The major U.S. index futures are currently pointing to a lower open on Monday, with stocks likely to give back ground following the strong upward move seen last Friday. Profit taking may contribute to initial weakness on Wall Street, as some traders look to cash in on the strong gains posted in the previous session. U.S. stocks rallied on Friday, lifting the major averages to a firm close, as upbeat non-farm payroll data helped offset concerns about Middle East tensions and prompted investors to indulge in some brisk buying at several counters from across various sectors. The Dow settled at a fresh record high at 42,352.75, gaining 341.... [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 Minneapolis Federal Reserve President Neel Kashkari is scheduled to participate in a moderated question-and-answer session before the Bank Holding Company Association Fall Seminar at 1:50 pm ET. At 3 pm ET... [Read More]( --------------------------------------------------------------- Europe European stocks were subdued on Monday due to pressure from higher bond yields following robust U.S. jobs data released last week. Sentiment was also dented after official data showed Germany's factory orders declined at a faster-than-expected pace in August. According to preliminary figures from data Destatis, incoming new orders contracted 5.8 percent on a monthly basis in August, reversing July's upwardly revised 3.9 percent expansion. Orders were expected to fall 1.9 percent. Further, this was the steepest dec... [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 rallied on Monday and the dollar hit a fresh seven-week peak on the yen after robust U.S. jobs data signaled economic resilience but prompted traders to pare bets on aggressive Federal Reserve interest rate cuts. After Friday's blowout payrolls report, traders now price in only a quarter-point cut in interest rates at the Federal Reserve's next policy announcement on November 7, with a small chance that the policy rate stays unchanged. U.S. Treasury yields touched two-month highs, denting demand for bullion. Oil price... [Read More]( --------------------------------------------------------------- Commodities Crude oil futures are jumping $1.21 to $75.59 a barrel after climbing $0.67 to $74.36 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