Steep Drop By Oil Prices May Lead To Initial Strength On Wall Street

[ADVFN]( [[Global Email] World Daily Markets Bulletin]( Monday, 28 October 2024 09:25:32 [ADVFN Twitter]( [Monitor]( [Quote]( [Charts]( [News]( [Toplists]( [Boards]( US Market The major U.S. index futures are currently pointing to initial strength on Wall Street on Monday, with stocks likely to move mostly higher after turning in a mixed performance last week. Early buying interest may be generated amid a steep drop by the price of oil, as crude oil for December delivery is plummeting $4.36 to $67.42 a barrel. The nosedive by the price of crude oil comes as Israel?s retaliatory attack against Iran over the weekend did not damage the Islamic republic?s energy facilities. Overall trading activity may be somewhat subdued, however, as traders look ahead to the release of key U.S. economic data later in the week. The monthly jobs report as well as a report on personal income and spending that includes the Federal Reserve?s preferred inflation readings are likely to be in the spotlight. Reports on third quarter GDP, consumer confidence, pending home sales and manufacturing sector activity may also attract some attention. The data could impact the outlook for the economy as well as exp... [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 At 11:30 am ET, the Treasury Department is scheduled to announce the results of this mo... [Read More]( --------------------------------------------------------------- Europe European stocks are turning in a mixed performance on Monday ahead of a busy week for earnings and economic releases. The Eurozone will reveal preliminary flash GDP, consumer confidence and economic sentiment data on Wednesday, with investors looking for clues on how aggressively the European Central Bank will cut interest rates going forward. Euro zone yields climbed, and the British pound was seeing a sideways movement... [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 rose broadly on Monday, with Japanese markets leading regional gains after the country's ruling Liberal Democratic party lost its majority in Parliament's lower house in weekend elections, triggering a sharp fall in the yen to a three-month low and boosting export-related shares. The dollar firmed up and gold inched lower amid heightened global uncertainties and ahead of key U.S. inflation, GDP and labor market data due later in the week. Oil prices were down more than 4 percent in As... [Read More]( --------------------------------------------------------------- Commodities Crude oil futures are plummeting $4.36 to $67.42 a barrel after jumping $1.59 to $71.78 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