| | | | | | | Do you want to earn $5k+ per week from trading? Start making money in as little as 20 minutes per day. It really is possible with the right strategy. 28 day free trial. Register for free trial | | |
| | US Market |  | | NYSE | AMEX | Dow Jones | Nasdaq |  |  |  |  | | Please click on the images to view our interactive charts | | The major U.S. index futures are pointing to a higher opening on Monday, with stocks likely to add to the gains posted last week.
Early buying interest may be generated in reaction to strength in the overseas markets, as traders shrug off recent concerns about a global trade war.
Traders may also continue to react positively to last Friday?s Labor Department report showing stronger than expected job growth in the month of June.
A light day on the U.S. economic front may keep trading activity somewhat subdued, however, with traders look ahead to the release of reports on producer and consumer price inflation in the coming days.
U.S. stocks moved mostly higher during trading on Friday as traders reacted positively to a relatively upbeat jobs report.
The Dow rose 99.74 points or 0.4 percent to 24,456.48 for a weekly advance of 0.8 percent. The S&P 500 climbed 23.21 points or 0.9 percent to 2,759.82 to close up 1.5 percent higher on the week, while the Nasdaq jumped 101.96 points or 1.3 percent to 7,688.39 for weekly gain of 2.4 percent.
Biogen's stock skyrocketed after positive results from a study of its Alzheimer's treatment.
Germany's Constitutional Court rejected complaints that raiding the offices of Volkswagen AG's lawyer Jones Day as part of an investigation into the diesel-emissions scandal violated constitutional law.
Employment in the U.S. increased by more than expected in the month of June, according to a report released by the Labor Department on Friday.
The report said non-farm payroll employment jumped by 213,000 jobs in June after surging up by an upwardly revised 244,000 jobs in May.
However, the unemployment rate rose to 4.0 percent in June from 3.8 percent in May, as temporary school jobs ended for the summer.
|
| | Eccentric Millionaire Reveals His Secret $1.8 Million Cryptocurrency Script Click here |
| | U.S. Economic Reports | | | | CADUSD | Oil | Gold | Allbanc |  |  |  |  | | Please click on the images to view our interactive charts | |
At 9:10 am ET, Minneapolis Federal Reserve President Neel Kashkari is due to give welcome remarks for the "Homeownership in Indian Country: Creating the Opportunity for Choice" conference in Prior Lake, Minnesota.
The Fed is scheduled to release a report on consumer credit in the month of May at 3 pm ET. Consumer credit is expected to increase by $12.5 billion. |
| | Is Donald Trump Launching a NEW SOCIAL SECURITY PROGRAM? Click here for the details. |
| | Europe |
European stocks have advanced on Monday as strong U.S. jobs data released last week coupled with encouraging data releases from Germany and France helped boost investor confidence in the global economy.
The U.K.?s FTSE 100 Index and the French CAC 40 Index are both up by 0.2 percent, although the German DAX Index is just below the unchanged line.
The pound rose against both the dollar and the euro as the resignation of Brexit secretary David Davis helped fuel expectations that a soft Brexit was more likely.
Mining giant BHP Billiton has rallied on buzz that BP could buy its U.S. shale assets.
Cairn Energy has also moved notably higher after issuing an update on its ongoing arbitration with the Government of India under the UK-India Bilateral Investment Treaty.
Elior Group has advanced after the French catering and support services provider launched an offer to purchase minority interests of Elior North America.
Air France KLM has also moved sharply higher after reporting 4.5 percent growth in passenger traffic for June.
On the other hand, gold mining firm Centamin has slumped after reporting a significant drop in gold production for the second quarter from its Sukari Gold Mine in Egypt.
Hikma Pharma has also tumbled after it signed a licensing and distribution agreement with Omega Pharma.
On the data front, German exports grew by more-than-expected 1.8 percent on a monthly basis in May, reversing a 0.3 percent drop in April, figures from Destatis showed. Shipments were expected to gain only 0.7 percent.
Separately, survey data from think tank Sentix revealed that Eurozone investor sentiment improved in July after a sharp slide in June. The investor confidence index rose unexpectedly to 12.1 from 9.3 in June. The expected score was 9.0.
France's economy is set to expand as previously estimated in the second quarter, according to a monthly survey from Bank of France. The central bank forecast 0.3 percent growth for the second quarter, the same rate as estimated previously.
|
| | Strategic Intelligence What?s the one money move that?s almost predestined to soar under Trump? It?s not a stock, a mutual fund or even real estate.
Click here to find out what it is. |
| | Asia | | | | USDCAD | USDEUR | USDGBP | USDJPY |  |  |  |  | | Please click on the images to view our interactive charts | |
Asian stocks rose on Monday as strong U.S. jobs data helped investors shrug off renewed concerns over an escalating U.S.-China trade dispute.
U.S. jobs increased more than expected in June but slowing wage growth helped reduce the probability of another Fed rate hike for September.
China's Shanghai Composite Index spiked 68.28 points or 2.5 percent to 2,815.51 after the U.S. punitive tariffs on Chinese goods kicked in and Beijing retaliated with equivalent measures.
The yuan also rebounded ahead of trade data due later this week. Hong Kong's Hang Seng Index rallied 372.88 points or 1.3 percent to 28,688.50.
Japanese shares hit a one-week high as the yen turned broadly lower in reaction to the strong U.S. jobs data released on Friday. The Nikkei 225 Index jumped 264.04 points or 1.2 percent to 22,052.18, the highest level since June 29th. The broader Topix Index finished up 1.2 percent at 1,711.79.
Eisai soared 16.3 percent to extend Friday's gains after reporting positive results for its trial of Alzheimer's candidate BAN2401.
Meanwhile, Nissan Motor slumped 4.6 percent ahead of a press conference regarding procedures to measure vehicle exhaust gas at its domestic plants.
In economic news, Japan had a current account surplus of 1,938.3 billion yen in May, the Ministry of Finance said. That topped expectations for a surplus of 1,266.0 billion yen and was up from 1,845.1 billion yen in April.
The trade balance reflected a deficit of 303.9 billion yen, exceeding forecasts for a shortfall of 483.1 billion yen following the 573.8 billion yen surplus in the previous month.
Australian shares hit a 10-1/2 year high as higher copper prices helped lift mining stocks. The benchmark S&P/ASX 200 Index rose 13.70 points or 0.2 percent to 6,286, while the broader All Ordinaries Index ended up 10.70 points or 0.2 percent at 6,366.40.
Mining heavyweights BHP Billiton and Rio Tinto rallied 2.1 percent and 1.4 percent, respectively. The big four banks rose between 0.1 percent and 0.6 percent.
|
| | Discover the NUMBER 1 Trading Strategy You Need to Know During Uncertain Market Conditions. Consistent and safe returns up to 40%
Download Free Training Material |
| | Commodities |
Crude oil futures are slipping $0.07 to $73.73 a barrel after climbing $0.86 to $73.80 a barrel last Friday. Meanwhile, an ounce of gold is trading at $1,265.60, up $9.80 from the previous session?s close of $1,255.80. On Friday, gold fell $3.
On the currency front, the U.S. dollar is trading at 110.44 yen compared to the 110.47 yen it fetched at the close of New York trading on Friday. Against the euro, the dollar is valued at $1.1785 compared to last Friday?s $1.1746.
|
| | | | | | | 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 +44 (0) 207 0700 961. Company registered in England and Wales: Number 2374988 VAT No. GB 549 2130 49 | |
No comments:
Post a Comment