Thursday’s trading may be affected by the reaction to the weekly unemployment claims report. A speech by Federal Reserve Chairman Jerome Powell at 12:30 pm may also receive special attention.
Asian stocks rose sharply while European stocks fell.
The first clues from the US Futures Index suggest that Wall Street could open wide.
As of 7:35 EST, Dow futures are down 75.00 points, S & P 500 futures are down 5.25 points and Nasdaq 100 futures are down 3.75 points.
The US index closed at a high on Wednesday. The Nasdaq rose 56.52 points (0.4%) to 13,128.95 and the S & P 500 rose 8.65 points (0.2%) to 3,809.84.
The Dow, meanwhile, spent the day near the unchanged line before closing at 13,128.95, which is less than 8.22 points or a tenth percent.
Economically, this week’s Ministry of Labor unemployment claim will be announced at 8:30 EST. The consensus was 790K, an increase of 787K last week.
December import and export prices will be issued at 8:30 AM Eastern Standard Time. The import price consensus is 0.6%, compared to 0.1% last week. The export price consensus is 0.4%.
This week’s Energy Information Agency or EIA Natural Gas Report will be published at 10:30 EST. Gas inventories fell 130bcf last week.
The 10-year Treasury Inflation Protection Securities or TIPS and the 20-year Treasury Bonds will be announced at 11:00 AM Eastern Standard Time.
This week’s Fed balance sheet is scheduled for 4:30 pm Eastern Standard Time. Last week’s level was $ 7.335 trillion.
This week’s money supply is scheduled for 4:30 pm Eastern Standard Time. Last week’s M2 money supply was in the red at $ 125.1 billion.
Federal Reserve Bank of Boston Governor Eric Rosengren will speak via Zoom at 9am EST before the virtual Boston Business Journal, Boston’s Recovery: Economic Issues in 2021.
Federal Reserve Bank of Atlanta Governor Rafael Bostic will moderate the “Small Business Recovery” panel and conclude before the Virtual Comprehensive Recovery Series event at 11:00 EST.
Federal Reserve Board Chair Jerome Powell will attend the conversation at 12:30 pm Eastern Standard Time before a virtual event hosted by Princeton University’s Bendheim Financial Center.
Federal Reserve Bank of Dallas Governor Robert Kaplan will attend a moderated Q & A session before the virtual 2021 Texas McCombs Business Outlook Series hosted by the University of Texas at Austin at 1:00 pm EST.
Asian stocks closed at near highs on Thursday as investors overlooked the impeachment of US President Donald Trump. Chinese stocks fell on profit taking. The benchmark Shanghai Composite Index fell 32.75 points (0.91%) to 3,565.90, while the Hang Seng Index in Hong Kong rose 0.93% to 28,496.86.
China’s exports increased 18.1% on an annual basis in December, faster than expected 15.0%. Nevertheless, the rate of increase slowed from the 21.1 percent posted in November.
Import growth has increased from 4.5% a month ago to 6.5%. The trade surplus increased from $ 75.4 billion last month to $ 78.17 billion. Economists predicted that the surplus would drop to $ 72.4 billion.
Japanese stocks rose for the first time in 30 years and closed. The Nikkei average rose 241.67 points (0.85%) to 28,698.26, the highest since August 3, 1990. The wider Tokyo Stock Price Index closed at 1,873.28, up 0.48%.
Australian person market It showed a modest rise before the US stimulus package was announced. The benchmark S & P / ASX 200 index rose 28.70 points (0.43%) to 6,715.30, while the broader All Ordinaries index rose 28.80 points (0.41%) to 6,982.70.
European stocks are trading higher. Among the major indices in the region, Germany’s DAX is up 25.06 points (0.18%) and the UK’s FTSE 100 index is up 46.15 points (0.68%).
The Swiss market index is down 0.80 points or 0.01 percent.
The Eurostocks 50 Index, which summarizes the 50 best stocks in the entire euro area, is up 0.33%.
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Wall Street opens widely
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