This week Apple, Microsoft, Google, Facebook, Pfizer, and other large US companies will deliver earnings reports…
American futures soar again
On Wednesday, the US stock market started higher. Market participants keep evaluating the decision of President Donald Trump as for the US withdrawal from the nuclear deal with Iran as well as the resumption of sanctions against this Middle Eastern country. Traders are also expecting quarterly reports from American companies and also an inflation report in the USA.
The Dow blue-chip futures tacked on 0.46%, the S&P 500 added 0.39%, futures for the high-tech Nasdaq 100 soared by 0.27 %.
Trump told that his country is actually withdrawing from an international agreement of 2015, the objective of which was not to give Iran an opportunity to create nuclear weapons. Moreover, the US President got back to the highest level of economic sanctions against this Middle Eastern country.
On Tuesday, American US stock markets moderately dived responding to news about the deal with Iran. However, on Wednesday the demand for risky assets restored.
On Wednesday, crude inched up by over 2% due to forecasts that the resumption of sanctions against Iran would provoke a further dive in global crude reserves due to difficulties with the export of Iranian oil.
WTI futures ascended 2.49% being worth up to $70.78, Brent crude acquired 2.43% hitting $76.67.
Crude rallied before the publication of fresh reports on commercial crude reserves in America, which will enable to assess the level of demand of the number one consumer in the world and predict the rate of surge in output in this country.
Among the upbeat news is the surge of TripAdvisor equities at the auctions before the market opening after the company's report beat the forecasts of market experts.
The revenue of 10-year American government bonds surpassed the psychologically crucial level of 3%, hitting 3.014%, which is the highest value for two weeks.
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The United States will publish the non-farm employment change, also known as non-farm payrolls or NFP at 15:30 MT (GMT+3) time on August 6.
Our analyst discusses the latest news and shares his trade ideas on gold, EUR/USD, and S&P 500. Jump in!
The Bank of England will publish a monetary policy statement and update on the interest rate on Thursday, at 14:00 MT time.