Futures Pointing To Initial Weakness On Wall Street

[ADVFN]( [[Global Email] World Daily Markets Bulletin]( Wednesday, 23 October 2024 12:38:43 [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 move back to the downside after recovering from early weakness to end the previous session roughly flat. The downward momentum on Wall Street comes amid a continued increase by treasury yields, which have moved sharply higher over the past few sessions. The ten-year yield has risen to its highest level in almost three months amid worries the Federal Reserve will lower interest rates slower than previously anticipated. After the Fed slashed interest rates by 50 basis points last month, CME Group's FedWatch Tool is currently indicating a 91.0 percent chance of just a 25 basis point rate cut next month. A steep drop by shares of McDonald?s (MCD) is likely to weigh on the Dow, with the fast food giant plunging by 6.8 percent in pre-market trading. McDonald?s is under pressure after t... [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 Federal Reserve Board Governor Michelle Bowman is scheduled to give opening remarks at the Eighth Annual Fintech Conference at 9 am ET. At 10 am ET, the National Association of Realtors is due to release its report on existing home sales in the month of September. Existing home sales are expected to rise ... [Read More]( --------------------------------------------------------------- Europe European stocks have moved mostly lower on Wednesday, as investors digest mixed earnings results and brace for the upcoming U.K. autumn budget. The dollar was on the rise again and U.S. Treasury yields hovered near three-month highs as traders pondered the prospect of a Donald Trump presidency. It is feared that Trump policies, including tariffs and restrictions on undocumented immigration, could increase inflation and keep interest rates relatively high for a long... [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 Wednesday and the U.S. dollar index surpassed the 104 mark, tracking elevated U.S. treasury yields amid easing expectations of aggressive Federal Reserve rate cuts and fears the U.S. may be heading toward fiscal collapse. Gold reached a new record high, while oil prices fell after industry data showed U.S. crude inventories swelled more than expected. Chinese shares eked out modest gains after reports emerged that the government may deploy as much as 2 trillion yuan (US$280 billion) to establish a stock market stabilization fund. The benc... [Read More]( --------------------------------------------------------------- Commodities Crude oil futures are slumping $1.20 to $70.54 a barrel after jumping $1.70 to $71.74 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