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American stock futures ascend ahead of data
On Monday, Wall Street futures pointed to a higher start because global stocks got off to an upbeat start to the week with market participants looking ahead to economic data as well as an appearance from ex-Federal Reserve chief Ben Bernanke, while monitoring moves in gold and crude.
The blue-chip Dow futures managed to acquire 0.30%, the S&P 500 futures added 0.22%, the tech-heavy Nasdaq 100 futures soared 0.34%.
Earlier on Monday, John Williams, San Francisco Fed president repeated his stance that interest rates should be lifted gradually just to maintain sustainable economic surge.
Additionally, even as the greenback soared versus key rivals on Monday, gold tumbled approximately 1% because traders looked ahead to a week stuffed with data as well as appearances from key policymakers.
American crude futures leapt 0.26%, hitting $43.12, while Brent futures managed to gain 0.07%, being worth $45.78.
The Reserve Bank of Australia will publish its statement and announce the interest rate on July 7, at 7:30 MT time.
The overall market sentiment was mixed after the USA recorded the largest increase in virus cases since May 9. The data even offset the better-than-expected NFP.
The risk-on tone is back on the market again. Let’s look at main trading opportunities.