FBS added new stunning stocks from the pharmaceutical sector - let's check how we can make profits with each.
US equities go up
On Monday, American index futures were set for a firm start, underpinned by revenues for stock markets around the globe as well as the belief that fresh Fed chair Jerome Powell is going to keep the Federal Reserve on a steady course as for monetary tightening.
Market participants suggest Powell's recent appointment could make the major US bank less ready to have its policy line softened when financial markets give the alert – just as they did in a selloff earlier in February because of a soar in American government bond revenues.
Powell didn’t say a lot about the selloff, adding at his swearing-in ceremony the previous week that the Federal Reserve is going to stay alert to any probable risks to financial stability.
On Friday, the major US financial institution told that it actually expected economic surge to stay intact and also saw no serious dangers on the horizon, which might affect its planned pace of rate lifts.
The trading week is expected to bring tons of economic data, including the Fed's favorite indicator of inflation, a report on personal consumption expenditure to be released on Thursday.
As for equities, Qualcomm stocks added 3.44% after the chipmaker made Broadcom start negotiating a price for merging the two and added they boast progress on regulatory as well as other deal certainty issues at a gathering the previous week.
GE managed to grow 0.5% right after the company nominated three fresh nominees for the board of directors.
Mattel dived 3.9%after brokerage Jefferies dared to have the toymaker' s stock downgraded to "underperform."
Additionally, the American 10-year Treasury revenues headed south to 2.8623%, proceeding with a dive from the four-year maximum reached the previous week. Meanwhile, the CBOE Volatility index, considered to be Wall Street's fear indicator, hit 16.42 points, which is its lowest outcome for three weeks.
Tesla, Facebook and Microsoft have outperformed analysts’ forecasts and ramped up after earnings reports. How is it possible amid the coronavirus crisis?
Amazon's employees are unhappy with the virus protection in the company warehouses and will go for a nation-wide strike. Will that undermine the stock value?
Let’s look what moves the market today.
The European Central Bank will publish the main refinancing rate and make a statement on Thursday, June 4, at 14:45 MT time. Also, the ECB press conference will be later at 15:30 MT time.
EUR and gold moved up