Editor: Dhirendra Tripathi
Stocks rose after the Fed minutes. The minutes showed that politicians do not now consider the economy to meet sufficient criteria to reduce or stop their monthly bond purchases.
The minutes of the Fed’s June meeting showed that there was no clarity among members about when these conditions would be met.
Bond yields are under pressure. Yields fell again on Wednesday, amid concerns that the economic recovery could slowly fade. At the same time, technology shares are recovering with the expectation that there is more time to increase interest rates.
Facebook (NASDAQ: FB) and Twitter shares fell. Former President Donald Trump, after banning himself and other names on platforms, social media giants and Google (NASDAQ: GOOGL) and said he would sue their CEO.
Oil prices fell again on Wednesday as the effects of global oil leaders’ disagreement on a production measure for August continued.
Three developments that are likely to affect the markets today:
1. Levi Strauss report
Levi Strauss & Co. Class A (NYSE: LEVI) will share the benefits report on Thursday. investing. The denim and other apparel brand is expected to share a profit of 9 cents on revenue of $1.21 billion in the second quarter, according to analysts tracked by com.
2. Weekly unemployment claims
investing. Analysts followed by com ongoing unemployment claims expects its report to show applications falling 134,000 to 3.335 million in the week ending July 3. The report will be shared at 15.30 CEST.
First applications, on the other hand, is thought to be 350,000, down 14,000. The previous week, it had fallen by 51,000 to 364,000.
(mtag101703)3. Oil stocks data
Government data on crude oil inventories will be released on Thursday. In the week until July 2 your stocks It is expected to have experienced a decrease of 3.925 million barrels. The previous week’s decline was 6,718 million barrels. The US Power Information Administration report will be released on Thursday at 11:00 am local time.