U.S. stock index futures rose on Thursday as a strong sales forecast from Nvidia boosted chipmakers, helping outweigh worries about the Federal Reserve continuing to raise interest rates in the face of sticky inflation and economic strength.
The dollar index rose to its highest in nearly seven weeks on Thursday, a day after minutes from the Federal Reserve's last policy meeting that supported, but did not add to markets' view the central bank will raise rates further.
Oil prices firmed on Thursday after Brent crude posted its biggest one-day loss for seven weeks in the previous session, with gains on Russian supply curbs capped by an expected rise in U.S. inventories.
- U.S. to Expand Troop Presence in Taiwan for Training Against China Threat
- The @Newsquawk US Market Open: NQ outperforms given NVIDIA strength, Gilts lag post-Mann
- Turkey Delivers Smaller Rate Cut Than Forecast After Earthquakes: 8.5% (Exp 8%, Prv 9.00%)
- China to Shake Up Financial System as Xi Jinping Installs Key Associates - WSJ
- Eurozone HICP Final YoY (Jan) Act: 8.6% Prev: 9.2% Fcst: 8.6%
- China's consumer market shows 'strong' recovery in January - commerce ministry
- BoE's Mann speaking on Results of Rising Rates
- Bank of Israel chief convened stability panel amid market turmoil
- Chinese families deciding against buying a home soared in the fourth quarter of 2022
- China's COVID-19 epidemic has basically ended - health authorities
- Technical analysis reveals contrarian bullish spot for S&P 500 - watch video.
- The @Newsquawk Euro Open: Rangebound APAC trade post-FOMC Minutes, BoE/Fed speakers ahead
You'll all be pleased to hear that Justin is back after my latest stint.
Try and stay out of trouble.
Much Love
PiQ
