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

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(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 Shares Seen Higher At Open

European stocks are seen opening broadly higher on Thursday even as Nvidia's disappointing sales forecast raised concerns about the AI spending boom.

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Sensex Nifty Decline On Tariff Worries

Indian shares opened on a sluggish note on Thursday after U.S. President Donald Trump's 50 percent tariffs on Indian goods came into effect, impacting trade worth billions of dollars and risking Washington-New Delhi ties.

RTTNews | 2h 14minuter sedan

European Economic News Preview: Eurozone Economic Sentiment Data Due

Economic confidence and monetary aggregates from the euro area and flash GDP from Switzerland are the top economic news due on Thursday. At 3.00 am ET, the State Secretariat for Economic Affairs is slated to release Swiss GDP data for the second quarter. The economy is expected to grow 0.1 percent sequentially after rising 0.5 percent in the first quarter.

RTTNews | 2h 15minuter sedan

Australian Market Trims Early Losses In Mid-market

The Australian market is trimming early losses in mid-market moves on Thursday, giving up some of the gains in the previous session, despite the broadly positive cues from Wall Street overnight. The benchmark S&P/ASX 200 is falling to near the 8,950 level, with weakness in iron ore miners, energy and technology stocks partially offset by gains in financial stocks.

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Asian Markets Trade Mostly Higher

Asian stock markets are mostly higher on Thursday, following the broadly positive cues from Wall Street overnight, as traders remain optimistic the US Fed will cut interest rates at their next meeting in September. They also remain cautious ahead of the release of key US economic data later in the week, including second quarter GDP and the Fed's preferred readings on consumer price inflation.

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Sensex, Nifty Set To Open Lower As New U.S. Tariffs Take Effect

Indian shares may open on a weak note on Thursday after U.S. President Donald Trump's 50 percent tariffs on Indian goods came into effect on Wednesday.

RTTNews | 4h 26minuter sedan

Swiss Market Settles Modestly Higher

The Switzerland market closed modestly higher on Wednesday after staying firm right through the day's session, thanks to fairly strong buying at several counters. The benchmark SMI closed up by 46.23 points or 0.38% at 12,207.12. The index moved between 12,166.23 and 12,226.36 during the session.

RTTNews | 4h 38minuter sedan

Japanese Market Notably Higher

The Japanese market is trading notably higher on Thursday after opening in the red, extending the gains in the previous session, following the broadly positive cues from Wall Street overnight. The Nikkei 225 is moving well above the 42,650 level, with gains in index heavyweights, automakers and financial stocks.

RTTNews | 4h 46minuter sedan

EURUSD	1.1643	GBPUSD	1.3504	AUDUSD	0.65121
USDJPY	147.318	USDCAD	1.37837	USDCHF	0.80171