1. U.S. stocks rose sharply on Thursday, a day after posting their biggest one-day gain in four years, as data showed the U.S. economy grew faster in the second quarter than initially thought.
2. The U.S. economy grew faster than initially thought in the second quarter on solid domestic demand, showing fairly strong momentum that could still allow the Federal Reserve to hike interest rates this year.
3. The number of Americans filing new applications for unemployment benefits fell more than expected last week, pointing to a steadily firming labor market.
Initial claims for state unemployment benefits slipped 6,000 to a seasonally adjusted 271,000 for the week ended Aug. 22, the Labor Department said on Thursday
4. The dollar extended gains against against the other major currencies on Thursday, after data showed that the U.S. economy grew more than initially estimated in the second quarter, boosting optimism over the health of the economy.
5. Crude oil futures rallied sharply on Thursday, as appetite for riskier assets improved amid a global stock market rally.
Crude oil for delivery in October on the New York Mercantile Exchange surged $1.46, or 3.78%, to trade at $40.06 a barrel during U.S. morning hours.
Ask us about our FREE financial advice program:
Other Top Stories:
Will Twitter's Share Crash?
Technical Analysis Lesson 1 - Introduction
How I Made Over $30,000 a Year by Investing in Binary Options
Follow us and SHARE this story on Facebook:
Investors may be suffering from whiplash but they should get some more pain relief Thursday.
U.S. stock futures were pushing higher, and global markets were bouncing as panic over China's stock market crash eased.
Here are 4 tips for today's trading. This will help you decide where you should invest and what to look for:
1) Global markets rally
Markets around the world rebounded after days of wild trading. China's benchmark Shanghai Composite jumped 5.3%, and Japan's Nikkei index closed up 1.5%. European markets notched solid gains in early trading.
Worries about Chinese growth and huge falls on its share markets triggered waves of selling around the globe this week, but the panic receded Thursday, helped by soothing words from central bankers.
China slashed interest rates earlier this week, hoping the move would stabilize the economy and ease fears that the country is slowing sharply.
2) Oil jumps
The positive tone also washed over to crude markets. Oil surged 4% to trade back above $40 a barrel. Concerns about waning demand and oversupply has slugged crude in recent months, and the commodity is down nearly 25% since the start of this year.
3) Earnings and economics
A slate of companies including Tiffany & Co (TIF), Dollar General (DG), Burlington Stores (BURL) and Michaels (MIK) are reporting quarterly earnings before the open. Gamestop (GME), Ulta (ULTA), and Aeropostale (ARO) are among the firms reporting after the close.
Federal Reserve policymakers kick off their annual meeting in Jackson Hole, Wyoming on Thursday. The three-day affair will be closely watched for hints about when to expect an interest rate hike. New York Fed President William Dudley said Wednesday the case for a September hike had become "less compelling."
Data to watch includes the second estimate of U.S. second quarter GDP, due out at 8:30 a.m. ET. New weekly jobless claims numbers are also out at 8.30am ET.
4) Market movers
Transocean (RIG) is one stock to keep an eye on Thursday. As crude prices jumped, shares in the oil services firm are rising 4% premarket. Online streaming outfit Netflix's (NFLX, Tech30) stock is also up 4%.
Ask us about our FREE financial advice program:
Other Top Stories:
Will Twitter's Share Crash?
Technical Analysis Lesson 1 - Introduction
How I Made Over $30,000 a Year by Investing in Binary Options
Follow us and SHARE this story on Facebook:
What is it? The Economic Symposium, held in Jackson Hole, Wyoming, is attended by central bankers, finance ministers, academics, and financial market participants from around the world. The meetings are closed to the press but officials usually talk with reporters throughout the day. Comments and speeches from central bankers and other influential officials can create significant market volatility.
When? All Day
Trading Tip: This announcement can greatly affect all currencies so make sure to follow it!
Ask us about our FREE financial advice program:
Other Top Stories:
Will Twitter's Share Crash?
Technical Analysis Lesson 1 - Introduction
How I Made Over $30,000 a Year by Investing in Binary Options
Follow us and SHARE this story on Facebook:
What is it? This is the nation's earliest economic data. The market impact fluctuates from week to week - there tends to be more focus on the release when traders need to diagnose recent developments, or when the reading is at extremes.
When? At 8:30am Eastern Time.
Trading Tip: If the actual number is higher than the forecast, you can expect the USD to rise.
Ask us about our FREE financial advice program:
Other Top Stories:
Will Twitter's Share Crash?
Technical Analysis Lesson 1 - Introduction
How I Made Over $30,000 a Year by Investing in Binary Options
Follow us and SHARE this story on Facebook:
What is it? It's the broadest measure of economic activity and the primary gauge of the economy's health.
When? At 8:30am Eastern Time.
Trading Tip: If the actual number is higher than the forecast, you can expect the USD to rise.
Ask us about our FREE financial advice program:
Other Top Stories:
Will Twitter's Share Crash?
Technical Analysis Lesson 1 - Introduction
How I Made Over $30,000 a Year by Investing in Binary Options
Follow us and SHARE this story on Facebook:
1. A gauge of U.S. business investment plans posted its largest increase in just over a year in July, underscoring the durability of the economic recovery despite a slowing global economy.
2. U.S. stocks opened sharply higher on Wednesday, with all three major indexes up about 2 percent, after data showed durable goods orders rose more than expected in July.
Analysts had expected a fall of 4 percent. Orders for core capital goods, a proxy for business investment, rose 2.2 percent - the biggest gain in 13 months.
3. An influential Federal Reserve official did not comment on monetary policy or the U.S. economy, according to text of a speech on Wednesday that addressed the economic recovery in his region of the country.
4. Greek President Prokopis Pavlopoulos is expected on Friday to call a snap election for next month, an official at the presidency told Reuters, ending fruitless coalition efforts among parties deeply divided over the country's new bailout.
5. The euro was down more than 1% against the dollar on Wednesday after a senior European Central Bank policymaker warned that the risks to its short-term inflation target have increased and hinted at fresh easing to combat deflation.
EUR/USD was down 1.16% to 1.1386, extending its pullback from the eight-month highs of 1.1713 hit on Monday.
Ask us about our FREE financial advice program:
Other Top Stories:
Will Twitter's Share Crash?
Technical Analysis Lesson 1 - Introduction
How I Made Over $30,000 a Year by Investing in Binary Options
Follow us and SHARE this story on Facebook:
Here are 4 tips for today's trading. This will help you decide where you should invest and what to look for:
World markets are falling again. Prepare for another bumpy ride.
Chinese stocks bounced around Wednesday before ending weaker for the fifth day running. Stock futures are signaling that U.S. markets should open with a gain of about one percent, but Europe is firmly in the red.
1) China drops again
China announced a new round of measures designed to boost the economy late Tuesday, cutting interest rates and allowing banks to lend more. But the bold move failed to prevent further losses. Shanghai Composite closed 1.3% down Wednesday, while the Shenzen Composite lost 3%.
The central bank also said after the market close that it would lend commercial banks about $22 billion to boost liquidity in the short term in its first such move since February.
2) Stock market movers
Harley-Davidson, Apple, Bank of America: Harley-Davidson (HOG) was one of the biggest gainers in after-hours trading, adding 3%. Transocean (RIG) wasn't so lucky. Its stock price tumbled more than 10%. PNC Financial (PNC) also dipped more than 5%.
A handful of stocks are gaining in premarket trading. Netflix (NFLX, Tech30) is up 3.6% and Bank of America (BAC) gained 2% early on Wednesday.
Apple (AAPL, Tech30), one of the most heavily traded stocks during this week's gut-churning turmoil, is up 2% premarket.
3) Earnings and economics
Earnings reports from Abercrombie & Fitch (ANF), Express (EXPR) and Frontline (FRO) are expected ahead of the opening bell.
After the market closes, another crop of companies including Williams-Sonoma (WSM) and Guess (GES) will report.
A report from the U.S. government on orders placed with U.S. manufacturers is expected at 8:30 a.m. ET. Analysts look to that report to gauge private sector activity and business spending.
More gloomy data came from the World Trade Monitor, which reported the biggest fall in trade in the first half of the year since the global financial crisis.
4) International markets overview
European markets are down again in early trading.
The FTSE 100 in London tumbled 1.5% after the opening bell, while Germany's DAX lost 1.3%, and continues to flirt with bear market territory. Several world markets are now trading more than 20% below their most recent peak.
Asian markets ended the session mixed. China and Hong Kong closed lower, while Japan's Nikkei gained 3.2% and Korea's Kospi 2.6%.
Ask us about our FREE financial advice program:
Other Top Stories:
Will Twitter's Share Crash?
Technical Analysis Lesson 1 - Introduction
How I Made Over $30,000 a Year by Investing in Binary Options
Follow us and SHARE this story on Facebook:
What is it? It's a leading indicator of economic health - businesses are quickly affected by market conditions, and changes in their investment levels can be an early signal of future economic activity such as hiring, spending, and earnings.
When? At 9:30pm Eastern Time.
Trading Tip: If the actual number is higher than the forecast, you can expect the AUD to rise.
Ask us about our FREE financial advice program:
Other Top Stories:
Will Twitter's Share Crash?
Technical Analysis Lesson 1 - Introduction
How I Made Over $30,000 a Year by Investing in Binary Options
Follow us and SHARE this story on Facebook:
What is it? Federal Reserve FOMC members vote on where to set the nation's key interest rates and their public engagements are often used to drop subtle clues regarding future monetary policy.
When? At 10:00am Eastern Time.
Trading Tip: If the announcement will hint towards higher interest rates, you can expect the USD to rise.
Ask us about our FREE financial advice program:
Other Top Stories:
Will Twitter's Share Crash?
Technical Analysis Lesson 1 - Introduction
How I Made Over $30,000 a Year by Investing in Binary Options
Follow us and SHARE this story on Facebook:
What is it? It's a leading indicator of production - rising purchase orders signal that manufacturers will increase activity as they work to fill the orders.
When? At 8:30am Eastern Time.
Trading Tip: If the actual number is higher than the forecast, you can expect the USD to rise.
Ask us about our FREE financial advice program:
Other Top Stories:
Will Twitter's Share Crash?
Technical Analysis Lesson 1 - Introduction
How I Made Over $30,000 a Year by Investing in Binary Options
Follow us and SHARE this story on Facebook:
1. U.S. stocks rebounded sharply on Tuesday as investors sought out bargains a day after Wall Street turned in its worst performance in four years.
Markets also got a shot of good news with China's second interest rate cut in two months, but analysts stopped short of declaring that the worst was over.
2. WASHINGTON - New U.S. single-family home sales rose a bit less than expected in July, but the trend pointed to housing market strength that should underpin economic growth for the rest of the year.
The Commerce Department said on Tuesday sales increased 5.4 percent to a seasonally adjusted annual rate of 507,000 units.
3. NEW YORK - U.S. consumer confidence rebounded in August according to a private sector report released on Tuesday.
The Conference Board, an industry group, said its index of consumer attitudes jumped to 101.5, much higher than the expectation of 93.4 according to a Reuters poll.
The July reading was revised to 91.0 from 90.9.
4. NEW YORK - Stocks, oil prices and safe-haven bond yields rose on Tuesday as a tentative market rebound picked up pace after China cut interest rates and banks' reserve requirements to kick-start its wavering economy. (Reuters).
5. Gold prices tumbled sharply on Tuesday, after data showed that U .S. consumer confidence improved to a seven-month peak in August, boosting optimism over the health of the economy and supporting the case for an interest rate hike this year.
Ask us about our FREE financial advice program:
Other Top Stories:
Will Twitter's Share Crash?
Technical Analysis Lesson 1 - Introduction
How I Made Over $30,000 a Year by Investing in Binary Options
Follow us and SHARE this story on Facebook:
It may be safe to wade back into stocks Tuesday with one note of caution: China is still in deep turmoil.
Global markets are rebounding broadly after investors suffered one of their worst sessions in years on Monday.
U.S. stock futures were rising nearly 3% and Europe climbed, though China stocks extended a horror run.
Here are 4 tips for today's trading. This will help you decide where you should invest and what to look for:
1) China tumbles
Stocks in China continued their downward spiral Tuesday, extending a selloff that panicked investors around the world. The Shanghai Composite plunged 7.6%, while the smaller Shenzhen Composite slumped 7.2%.
Uncertainty over the stock market and the Chinese economy has driven sharp selling, and many analysts expect more intervention from the government to bolster growth.
But China's pain was largely contained Tuesday. Of the other major Asian markets, only Japan slumped again with the Nikkei tumbling nearly 4%.
Markets in Korea and Australia -- which is particularly sensitive to worries about Chinese growth -- finished with solid gains.
2) Oil rebounds
Oil prices also found a firmer footing, putting on 2% to just above $39 a barrel. Demand has been slugged in recent months by oversupply of crude and worries about the outlook for the global economy.
Still, a shadow hangs over commodity markets. Industrial metals were under pressure, signaling concern over big buyer China and the health of the world economy. Copper gave up 3% and nickel tumbled 8% in London trading.
3) Europe recovers
European markets are climbing in early trading, with Germany's DAX adding 2.6% and the U.K. FTSE index rising 2.4%. Solid second quarter GDP numbers for Germany, and an upbeat reading of business sentiment in Europe's biggest economy, were helping.
4) Monday market recap
It was dramatic session for U.S. stocks -- beginning with an unprecedented 1,000-point drop for the Dow -- driven by deep fears about China's economic slowdown. The Dow Jones industrial average closed down 3.6%, while the S&P 500 lost nearly 4%, and the Nasdaq gave up 3.8%. All three indexes are now experiencing a correction.
Ask us about our FREE financial advice program:
Other Top Stories:
Will Twitter's Share Crash?
Technical Analysis Lesson 1 - Introduction
How I Made Over $30,000 a Year by Investing in Binary Options
Follow us and SHARE this story on Facebook:
What is it? Export demand and currency demand are directly linked because foreigners must buy the domestic currency to pay for the nation's exports. Export demand also impacts production and prices at domestic manufacturers.
When? At 6:45pm Eastern Time.
Trading Tip: If the actual number is higher than the forecast, you can expect the NZD to rise.
Ask us about our FREE financial advice program:
Other Top Stories:
Will Twitter's Share Crash?
Technical Analysis Lesson 1 - Introduction
How I Made Over $30,000 a Year by Investing in Binary Options
Follow us and SHARE this story on Facebook:
What is it? Financial confidence is a leading indicator of consumer spending, which accounts for a majority of overall economic activity.
When? At 10:00am Eastern Time.
Trading Tip: If the actual number is higher than the forecast, you can expect the USD to rise.
Ask us about our FREE financial advice program:
Other Top Stories:
Will Twitter's Share Crash?
Technical Analysis Lesson 1 - Introduction
How I Made Over $30,000 a Year by Investing in Binary Options
Follow us and SHARE this story on Facebook: