Dow Futures covers strong quarters since 2009; Powell / Menuchin testimony



Tuesday market minutes

Global stocks were gaining on the last trading day of the second quarter, with China's PM PMI data boosting Asian markets and growing profitable coronavirus infections in Europe.

China’s services and manufacturing sectors boosted their recovery in June, helped by copper prices and wider risk markets in the region, according to official data.

Oil prices have plummeted amid slight gains to the US dollar, indicating that Libya may make progress in returning its crude oil to the market.

Federal Reserve President Jerome Powell and Treasury Secretary Steven Menuchin testified today before U.S. legislators on coronavirus incentives.
US equity futures suggest that Wall Street should be moderately weak, which is one of the strongest quarterly gains since the global financial crisis.

U.S. equity futures tumbled lower on Tuesday after a mixed session for global stocks on the last trading day of the second quarter, with markets still worried about the recent bounce risk reduction around the coronavirus infection. World.


Federal Reserve Chairman Jerome Powell testified before the House Financial Services Committee that he and Treasury Secretary Steven Mnuchin questioned more than $ 3 on the cost and impact of relief plans. Sends trillions into the world's largest economy.

Better job gains than expected in May, renewed weekly unemployment applications, upheavals in the housing sector, and steady gains in the production pockets of operations across the country have followed reasonable solid results.

"We have entered a significant new phase and have done so sooner than expected," Powell said in prepared testimony. "This boom in economic activity is welcome. It also presents new challenges - however, the need to keep the virus under control."

Compromising congressional MPs may prove more difficult to get more cash for recovery, as we see states around national stagnation - and in some cases the reverse - spike in infections in their new plans and the upward trend in hospitals in the South

What should be seen at the end of this year is whether the economy can sustain its most recent - and if financial markets can boost their quarterly profits - attendance at the next steps from the Fed and deep spending from Congress.

The Wall Street Future suggests that these questions will not be answered today, and investors are likely to witness a Powell / Menchin in the Eastern Market at 12:30 am, with investors sitting at a healthy quarter-to-date for years.

The Dow Jones Industrial Average-Linked Contracts, with a quarter-to-date gain of 16.8% and a 45-point opening drop, were associated with the S&P 500 gaining more than 18%. Is. The price is set for a slight change in the opening hour, from April to June.

The Nasdaq Composite will gain 15 points at the start of trading, with a gain of 28.2% in the second quarter.

Outside the US markets, stocks are experiencing a similar inflation point, with the underlying data in Europe and Asia steady, if not solid, rising in the second half of the world's rising transition rates. The Health Organization has warned that the worst of the global pandemic, which has claimed more than 500,000 lives and infected more than 10.3 million people, is yet to come.

Federal Reserve Chairman Jerome Powell testified before the House Financial Services Committee that he and Treasury Secretary Steven Mnuchin questioned more than $ 3 on the cost and impact of relief plans. Sends trillions into the world's largest economy.

Better job gains than expected in May, renewed weekly unemployment applications, upheavals in the housing sector, and steady gains in the production pockets of operations across the country have followed reasonable solid results.

"We have entered a significant new phase and have done so sooner than expected," Powell said in prepared testimony. "This boom in economic activity is welcome. It also presents new challenges - however, the need to keep the virus under control."

Compromising congressional MPs may prove more difficult to get more cash for recovery, as we see states around national stagnation - and in some cases the reverse - spike in infections in their new plans and the upward trend in hospitals in the South

What should be seen at the end of this year is whether the economy can sustain its most recent - and if financial markets can boost their quarterly profits - attendance at the next steps from the Fed and deep spending from Congress.

The Wall Street Future suggests that these questions will not be answered today, and investors are likely to witness a Powell / Menchin in the Eastern Market at 12:30 am, with investors sitting at a healthy quarter-to-date for years.

The Dow Jones Industrial Average-Linked Contracts, with a quarter-to-date gain of 16.8% and a 45-point opening drop, were associated with the S&P 500 gaining more than 18%. Is. The price is set for a slight change in the opening hour, from April to June.

The Nasdaq Composite will gain 15 points at the start of trading, with a gain of 28.2% in the second quarter.

Outside the US markets, stocks are experiencing a similar inflation point, with the underlying data in Europe and Asia steady, if not solid, rising in the second half of the world's rising transition rates. The Health Organization has warned that the worst of the global pandemic, which has claimed more than 500,000 lives and infected more than 10.3 million people, is yet to come.

European stocks fell, the Stokes 600 gained 0.23 percent in Frankfurt, and the UK FTSE 100 gained 0.84 percent at the end of the recession, with Asian markets recording solid gains behind data expected from China's Kia and services. And shows that manufacturing sector activity is detached from growth contraction beyond 50 points.

Regionally, MSCI's former Japan benchmark last saw trading 0.8% higher in the last hours of trading, which boosted its strong quarterly earnings since 2009, with Tokyo's Nikkei 225 rising 1.3% to close at 22,288.4. Happened. Its second-quarter profit was 5.4%.

Away from equities, oil prices have plummeted, and the dollar has registered little gains on the basket of its global counterparts, while investors have been predicting a price for fresh supply since the beginning of product re-umption in civil-war-torn Libya.

The WTI deal for August delivery trades below the US benchmark, New York, on Monday for less than 20 cents, and the initial European contract per barrel. Brent's contract for the Global Benchmark on August 21 was seen at 41.50 cents on the dollar. Barrel.

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