Futures Pointing To Continued Strength On Wall Street

[ADVFN]( [[Global Email] World Daily Markets Bulletin]( Thursday, 07 November 2024 09:07:40 [ADVFN Twitter]( [Monitor]( [Quote]( [Charts]( [News]( [Toplists]( [Boards]( US Market The major U.S. index futures are currently pointing to a modestly higher open on Thursday, with stocks poised add to the substantial gains posted over the two previous sessions. Stocks may continue to benefit from optimism about what a second Donald Trump presidency will mean for the markets and the U.S. economy. Overall trading activity is likely to be somewhat subdued, however, as traders look ahead to the Federal Reserve?s monetary policy announcement this afternoon. With the Fed widely expected to lower rates by 25 basis points, traders are likely to pay close attention to the accompanying statement for clues about the outlook for future rate cuts. Ahead of the announcement, CME Group?s FedWatch tool is indicating a 67.4 percent chance the Fed will cut rates by another 25 basis points in December but a 32.2 percent chance rates will be left unchanged. On the U.S. economic front, a report released by ... [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 Labor productivity in the U.S. increased by slightly less than expected in the third quarter, according to a report released by the Labor Department on Thursday, while unit labor costs rose by much more than expected. The Labor Department said labor productivity shot up by 2.2 percent in the third quarter after surging by a downwardly revised 2.1 percent in the second quarter. Economists had expected labor productivity to jump by 2.3 percent compared to the 2.5 percent spike that had been... [Read More]( --------------------------------------------------------------- Europe European stocks are mostly higher on Thursday, as traders react to an interest rate cut by the Bank of England and look ahead to the Federal Reserve?s monetary policy announcement later in the day. Investors will pay close attention to Fed Chair Jerome Powell's comments on the policy outlook after Trump's victory. Meanwhile, the Bank of England reduced its benchmark rate for the second time this year, citing continued progress in disinflation. The Monetary Policy Committee decided to lower the rate by 25 basis points to 4.75 percent. The outcome of the two-day meeting matched expectations. Earlier in the day, Norway's central bank held its policy interest rate unchanged at a 16-year high of 4.50 percent. Investors are also di... [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 as upbeat Chinese trade data offset concerns over the impact of Trump's policies on international trade, immigration and other key issues. The dollar saw a modest pullback in Asian trading, oil prices fluctuated, and gold recovered some ground after falling sharply in the previous session as focus shifted to interest rate decisions from the Bank of England and the Federal Reserve due later in the day. China's Shanghai Composite Index jumped 2.6 percent to 3,470.66 as official data showed Chi... [Read More]( --------------------------------------------------------------- Commodities Crude oil futures are slipping $0.22 to $71.47 a barrel after falling $0.30 to $71.69 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