TSMC Earnings, Upbeat Economic Data May Lead To Early Strength On Wall Street

[ADVFN]( [[Global Email] World Daily Markets Bulletin]( Thursday, 17 October 2024 09:04:59 [ADVFN Twitter]( [Monitor]( [Quote]( [Charts]( [News]( [Toplists]( [Boards]( US Market The major U.S. index futures are currently pointing to a higher open on Thursday, with stocks likely to extend the upward move seen over the course of the previous session. Tech stocks may help lead an early advance on Wall Street, as reflected by the 0.9 percent jump by the Nasdaq 100 futures. The upward momentum for tech stocks comes after Taiwan Semiconductor Manufacturing Company (TSM) reported a sharp increase in third quarter profits. The strong results from TSMC are likely to offset concerns about the outlook for semiconductor demand following a warning from Dutch chipmaker ASML (ASML) earlier in the week. ?The fate of the global stock market hinged on TSMC?s results and fortunately everything is fine in AI land,? says Dan Coatsworth, investment analyst at AJ Bell. Stocks may also benefit from the release of a batch of upbeat U.S. economic data, including a Commerce Department report showing retail sales increased by slightly more than expected in the month of September. The Commerce Department said retail sales rose by 0.4 percent in September after edging up by 0.1 percent in August. Economists had expected retail s... [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 First-time claims for U.S. unemployment benefits saw an unexpected pullback in the week ended October 12th, according to a report released by the Labor Department on Thursday. The report said initial jobless claims fell to 241,000, a decrease of 19,000 from the previous week's revised level of 260,000. Economists had expected jobless claims to inch up to 260,000 from the 258,000 originally reported for the previous week. Meanwhile, the Labor Department said the less volatile four-week moving average rose to 236,250, an increase of 4,750 from the previous week's revised average of 231,500. A separate report released by the Commerce Department on Thursday showed retail sales in the U.S. increased by slightly more than expected in the month of September. [Read More]( --------------------------------------------------------------- Europe European stocks have moved mostly higher on Thursday after the European Central Bank announced its widely expected decision to lower interest rates by 25 basis points. While the French CAC 40 Index has jumped by 1.3 percent, the German DAX Index is up by 0.8 percent and the U.K.?s FTSE 100 Index is up by 0.5 percent. In corporate news, Swiss lift-and escalator maker Schindler has shown a strong move to the upside after reporting its third quarter results. Food giant Nestle has also moved notably higher despite ... [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 mixed on Thursday, with Chinese and Hong Kong markets giving up early gains to end sharply lower after China announced supportive measures to prop up the country's troubled property sector, albeit on a small scale. The measures included expanding a "white list" of housing projects eligible for financing and increasing bank lending for such developments to 4 trillion yuan. The briefing from China's housing minister lacked substantial new measures, leaving investors skeptical regarding further economic growth ahead of third quarter GDP data due on Friday. Gold... [Read More]( --------------------------------------------------------------- Commodities Crude oil futures are climbing $0.27 to $70.66 a barrel after slipping $0.19 to $70.39 a barrel on Wednesday. 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