5 things to know before the stock market opens Thursday

  • 📰 CNBC
  • ⏱ Reading Time:
  • 41 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 20%
  • Publisher: 72%

Singapore News News

Singapore Singapore Latest News,Singapore Singapore Headlines

U.S. stock futures point to another strong day on Wall Street, with the Dow indicated to add another 250 points at Thursday's open.

indicated to add another 250 points at Thursday's open. The market was encouraged by the U.S. confirming "ministerial level" trade talks with China in "the coming weeks" in Washington. The August weakness pushed the Dow negative for the quarter, but it's still up nearly 13% for the year, as of Wednesday's close. Bond yields were higher Thursday, with no recession signalling inversions on the yield curve.

. But U.S. officials did not confirm the October timetable, saying only that talks would happen in the "coming weeks" in Washington. Previously, both sides had indicated they would meet in September.Federal Reserve Chairman Jerome Powell reacts during a press conference in Washington D.C., the United States, on July 31, 2019.

also continues to pressure the Fed for more rate cuts, saying in August that central bankers should cut rates by at least 1%. A more aggressive half-point cut in September is not getting support within the Fed, the Journal reported. Allen Shim, chief financial officer of Slack; and Stewart Butterfield, co-founder and chief executive officer of Slack, celebrate after ringing the opening bell the New York Stock Exchange , June 20, 2019 in New York City.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 12. in SG

Singapore Singapore Latest News, Singapore Singapore Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Global Stocks Rally After Wall Street SlumpStocks rose as political developments around the world and hopes for central-bank action countered a series of economic data that gave further evidence of a global slowdown. HongKongProtesters won’t accept it, too late. You can see something that simple can take the Lender of Hong Kong 3 months to give in. Who is behind all these mess? china of course. Will the HongKongProtests stop? Won't because it is simply too late. EyeforHK NoPoliceBrutality FreeHongKong SayNoToCommunistChina IPPTV PolandSupportsHongKong
Source: WSJ - 🏆 98. / 63 Read more »

Market bull bets a trade war deal is coming sooner than Wall Street thinksOppenheimer's John Stoltzfus believes trade frictions between the U.S. and China will get resolved and pave the way to a significant market rally. FuturesNow Trump almost always gets hes way. China gonna bend. USA is gonna win . FuturesNow The final agreement will be on the afternoon of 9/12, right before the democratic debate. Watch and see. FuturesNow Why strike a deal now when you can strike one closer to election time? Like it or not, Trump really does hold all the cards 🤷🏽‍♂️
Source: CNBC - 🏆 12. / 72 Read more »