U.S. stocks set for best month since 2020; Dollar falls - BNN Bloomberg

Nasdaq 100 futures added more than 1 per cent after the US stock market hit a seven-week high Thursday. Amazon.com Inc. and Apple Inc. rose in premarket trading after both companies beat revenues estimates.

The tone was more somber in Asia, hampered by a tumble in Chinese tech shares that dragged Hong Kong toward a correction of more than 10 per cent from a June high. US-listed Chinese stocks fell in premarket trading, following a downbeat economic growth assessment from China’s top leaders and a lack of new stimulus policies.

Meanwhile, the euro-zone economy expanded by more than three times the amount economists expected, putting it on a firmer footing as surging inflation and a possible Russian energy cutoff threaten to tip it into a recession. Inflation in the region climbed to another all-time high, supporting calls for the European Central Bank to follow up its first interest-rate hike since 2011 with another big move.

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