(RTTNews) – Top U.S. Index FuturesThey are opening up on Monday, as stocks are about to extend their recent uptrend.
Optimism about additional stimulus, economic recovery, and hopes for a possible coronavirus vaccine can inspire investors to continue buying stocks.
Concerns about tensions between the United States and China and reports of an increase in new cases of coronavirus in several states in the United States are likely to constrain market growth.
According to knowledge compiled through Johns Hopkins University, the United States reported more than 35,300 new cases on Sunday.
The mid-sized giants withdrew their grades before closing, but remained strongly positive: the Dow Jones rose 161.60 points, or 0.6%, to 2,8653.87, the Nasdaq rose 70.30 points or 0.6% to 11695.63 and the S
In the week, the Dow Jones rose 2.6%, while Nasdaq and S
Markets continued to benefit from optimism about the economic recovery of the coronavirus crisis, which helped raise the top averages well above their March lows.
The Nasdaq and the S
Operators continued to assimilate Federal Reserve Chairman Jerome Powell’s announcement of the central bank’s adoption of an “average inflation target.”
Powell’s comments on Thursday were noted as an indication that the Fed will leave interest rates at 0 for the foreseeable future, even if there is an acceleration in inflation speed.
In addition to the positive sentiment, Commerce published a report showing an unforeseen accumulation of non-public revenue sources in July.
Commerce said non-public revenue sources rose 0.4% in July after falling 1.0% in June.The uptick surprised economists, who expected revenues to fall by another 0.2%.
The University of Michigan also released a report indicating that customer confidence in the United States had advanced more than estimated in August.
The report indicates that the August consumer confidence rate was revised upwards to 74.1 since the initial reading of 72.8.The index is now well above the July reading of 72.5.
The upward review surprised economists, who expected the customer’s confidence index to be revised to 72.8.
The gold stocks rose sharply in the session, recovering from the sharp drop noticed in the last session.After falling 2.3% on Thursday, the NYSE Arca Gold Bugs index rose 4.1%.valuable metal.
Computer hardware stocks saw great strength that day, pushing the NYSE Arca Computer Hardware Index up 3.1%.
Dell Technologies (DELL) and HP Inc.(HPQ) released stronger-than-expected quarterly results.
Steel, energy and semiconductor actions also recorded remarkable upward movements, advancing along with the maximum of primary sectors.
Commodities, markets
On the foreign exchange front, the US and its allies have been in the world to have a nuclear weapon. The U.S. is 105.96 yen compared to 105.37 yen that recovered when it closed Friday in New York.Against the euro, it was priced at $1,1931 versus $1,1903 last Friday.
Asia
Asian stocks rose on Monday to a peak of 29 months after official knowledge showed that activity in the Chinese sector grew at a much faster rate in August, reinforcing expectations for economic recovery.
After Fed President Jerome Powell announced a new technique for managing value stability and peak employment, investors now believe that interest rates will remain low for longer and that more stimulus measures are likely to be taken.
China’s production sector continued to grow in August, albeit at a slower pace, the National Bureau of Statistics’ most recent survey with a production PMI of 51.0, which did not meet the expectations of a reading of 51.2 and is lower than 51.1 in July.
Meanwhile, the non-manufacturing index came with a score of 55.2, surpassing forecasts of 55.0 and 54.2 last month, a sign of hope to revive demand.
Japan’s Nikkei Index rose nearly 2% to 23,329 after Berkshire Hathaway Inc said it had acquired just over 5% of the shares of five major Japanese companies.
The relief of political uncertainty also increased sentiment after Yoshihide Suga, Prime Prime Minister Shinzo Abe’s leading wardrobe secretary and close best friend, emerged as one of the country’s leading candidates for the country’s political post.
On an annual basis, commercial production fell to 16.1, with no forecasts of a 15.0 drop after a fall of 18.2 last month.
METI also reported that the overall price of retail sales in Japan fell by 3.3% seasonally adjusted in July, which did not meet forecasts for a 3% increase and a 13.1% drop in June.
On an annual basis, retail sales fell 2.8%, again above expectations of a 1.7% decline after the 3.9% accumulated last month.
South Korea’s Average Kospi rose 0.3% after the publication of pessimistic economic data.Industrial production in South Korea increased by 1.6% seasonally adjusted since July, according to Korea Statistics, beyond expectations of an increase of 1.9% and 7.2% in June.
The overall price of retail sales in South Korea declined by 6.0% due to seasonal variations, according to Korea Statistics, which did not meet expectations of a 3.5% drop after the 3.4% cumulative in June.
On an annual basis, retail sales increased by 0.5%, beyond expectations of a 3% increase after jumping 6.3% the previous month.
Australian stocks were higher, backed by generation and power stocks.The underlying sentiment has become cautious after government knowledge showed that wages and salaries fell 3.3% in the June quarter.
Europe
The Stoxx six hundred pan-European rose 0.6% to 371 after falling back to the% on Friday.The German DAX complex 0.9% and the French CAC 40 index rose 1.1%.
China-sensitive automakers increased after official knowledge showed that activity in the Chinese sector grew at a much faster rate in August.
BMW recovered 3.3%, Daimler rose 1.1% and Volkswagen added 1.2%.
French car manufacturer Renault jumped by almost 5% and Peugeot by 2.6%.
Integrated oil and fuel company Total SE jumped 2.3%, following high oil costs after the UAE’s National Oil Company (ADNOC) announced a 30% cut in materials through October.
Suez’s shares rose 20% after Veolia Environnement SA filed 2.9 billion euros ($3.5 billion) for a 29.9% stake in its rival, owned by fuels and electric power company Engie, while Veolia Environnement shares increased by 3.2% and Engie by 6%.
Philips Electronics NV fell 1.4%. The corporation said it reported through the U.S. Department of Health and Human Services.Hus From partial termination of contract for 43,000 EV300 fans.
US Economic Reports
Federal Reserve Vice President Richard Clarida plans to speak at the Peterson Institute for International Economics at a webcast about U.S. financial policy at 9:00 a.m.Et.