Wall Street Likely To Open Higher; Market Eyes More Earnings, Fed Policy

RTTNews | 484 dni temu

(RTTNews) - Wall Street is likely to open the event-filled week higher as stocks look headed for a positive start Monday morning with investors continuing to digest recent earnings updates and awaiting more earnings news from top notch firms, and the Federal Reserve's monetary policy announcement.

U.S. Futures are trading higher. The Dow futures are gaining 0.18 percent, the S&P futures are up 0.25 percent, and the Nasdaq futures are advancing 0.35 percent.

The major averages closed on a firm note on Friday, riding on upbeat earnings announcements from Google parent Alphabet, and software major Microsoft.

The Dow surged 316.14 points or 2.0 percent to 15,927.90, the S&P 500 jumped 51.54 points or 1.0 percent to 5,099.96 and the Dow climbed 153.86 points or 0.4 percent to 38,239.66.

The Federal Reserve's two-day monetary policy meeting gets underway on Tuesday. The central bank is widely expected to hold its rates unchanged. The accompanying statement, and Fed Chair Jerome Powell's post match press conference on Wednesday will be in focus for the likely timing of interest rate cuts by the central bank.

On the earnings front, Amazon and Apple Inc. are among the top companies that are scheduled to announce their quarterly earnings this week.

In overseas trading, Asian stocks rose in thin trade on Monday, with Japanese markets closed for a holiday.

Traders looked ahead to the Federal Reserve's policy meeting on Wednesday after the central bank's preferred inflation gauge largely met expectations.

European stocks turning in a mixed performance. Among the major markets, U.K. is outperforming, with real estate stocks faring well after data showed house sales in the country rose for the seventh consecutive month in April thanks to higher demand for smaller homes.

In commodities, West Texas Intermediate Crude oil futures are up marginally at $83.90 a barrel. Gold futures are gaining $6.00 at $2,353.20 an ounce.

In the currency market, the dollar is trading at 1.0715 against the Euro, after settling at 1.0693 on Friday. The dollar is down against the Japanese currency, fetching 156.35 yen a unit, compared to 158.34 yen on Friday.

European Economic News Preview: German GfK Consumer Confidence Due

Consumer sentiment survey data from Germany is the top economic news due on Wednesday, headlining a light day for the European economic news. At 2.00 am ET, the market research group GfK publishes Germany's monthly consumer confidence survey results. The consumer sentiment indicator is forecast to fall to -22 in September from -21.5 in August.

RTTNews | 42 minut temu

Australian Market Extends Early Gains In Mid-market

The Australian stock market is extending it early gains in mid-market moves on Wednesday, recouping the losses in the previous session, with the benchmark S&P/ASX 200 moving above the 8,950 level, following the broadly positive cues from Wall Street overnight, with gains across most sectors led by mining and financial stocks.

RTTNews | 1g 31 minut temu

Asian Markets Mixed In Cautious Trades

Asian stock markets are trading mixed on Wednesday, following the broadly positive cues from Wall Street overnight, as traders remain cautious and seem reluctant to make significant moves ahead of the release of key US economic data later in the week, including second quarter GDP and the US Fed's preferred readings on consumer price inflation, which could impact the outlook for interest rates.

RTTNews | 1g 35 minut temu

Mild Upside Seen For Thai Stock Market

The Thai stock market on Tuesday ended the two-day winnings streak in which it had picked up almost 20 points or 1.6 percent. The Stock Exchange of Thailand now sits just above the 1,250-point plateau although it figures to move back to the upside again on Wednesday.

RTTNews | 3g 2 minut temu

Japanese Market Slightly Lower

The Japanese stock market is slightly lower in choppy trading on Wednesday, extending the losses in the previous session, despite the broadly positive cues from Wall Street overnight. The Nikkei 225 is staying below the 42,400 level, with a mixed performance across all sectors.

RTTNews | 3g 20 minut temu

Indonesia Shares May Reverse Tuesday's Losses

The Indonesia stock market headed south again on Tuesday, one day after snapping the two-day slide in which it had fallen almost 85 points or 1.1 percent. The Jakarta Composite Index now sits just above the 7,900-point plateau although it's looking to bounce higher again on Wednesday. The global forecast for the Asian markets is cautiously optimistic, with tech shares likely to rise ahead of key earnings news later in the day. The European markets were down and the U.S. bourses were up and the Asian markets figures to follow the latter lead.

RTTNews | 3g 32 minut temu

Australian Market Modestly Higher

Australian shares are trading modestly higher on Wednesday, recouping the losses in the previous session, with the benchmark S&P/ASX 200 moving above the 8,950 level, following the broadly positive cues from Wall Street overnight, with gains in mining and financial stocks.

RTTNews | 3g 38 minut temu

Hong Kong Shares Expected To Open To The Upside

The Hong Kong stock market on Tuesday ended the two-day winning streak in which it had advanced more than 825 points or 3.4 percent. The Hang Seng Index now rests just above the 25,520-point plateau although it may find renewed support on Wednesday.

RTTNews | 3g 47 minut temu

EURUSD	1.1614	GBPUSD	1.34476	AUDUSD	0.64838
USDJPY	147.964	USDCAD	1.38434	USDCHF	0.80507