Waiting for Powell's speech! The three major U.S. stock index futures are rising, European stocks are mixed, and Bitcoin is up nearly 1%

Wallstreetcn
2024.12.04 09:21
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Federal Reserve Chairman Jerome Powell will deliver a speech at 1:40 PM Eastern Time, as the market awaits signals for interest rate cuts. U.S. stock index futures are broadly up, with S&P 500 futures rising 0.16%, Nasdaq futures up 0.38%, and Dow futures up 0.3%. European stocks are mixed, with the German DAX index up 0.38% and the UK FTSE 100 index down 0.10%. Bitcoin is up nearly 1%, currently reported at 96,826.51. The yield on the U.S. 10-year Treasury bond has risen to 4.256%

Federal Reserve Chairman Jerome Powell will deliver a speech at 1:40 PM Eastern Time, marking his last public address before the December interest rate meeting. U.S. Treasury yields are rising as the market awaits signals for interest rate cuts. Currently, traders are preparing for political developments in France, with the French CAC40 index slightly up. After a "night of terror" in South Korea, the won's decline has narrowed.

On Wednesday, December 4th, U.S. stock index futures rose across the board, U.S. 10-year Treasury yields increased, and European stocks opened mixed, with the euro slightly down.

S&P 500 futures rose by 0.16%, Nasdaq futures increased by 0.38%, and Dow futures were up by 0.3%.

In pre-market trading, Salesforce surged by 10% as the company's revenue exceeded expectations.

European stocks opened mixed, with the German DAX index up by 0.38%, the UK FTSE 100 index down by 0.10%, the French CAC40 index up by 0.09%, and the Euro Stoxx 50 index up by 0.15%.

U.S. 10-year Treasury yields rose to 4.256%.

The U.S. dollar index increased by 0.25%, while the euro fell slightly against the dollar by 0.13%; the British pound dipped against the dollar, down 0.3% for the day, currently at 1.2638. The dollar rose by 0.02% against the Korean won.

Spot gold fell by 0.15%, currently at 2639.67.

Bitcoin rose nearly 1%, currently at 96826.51.

All three major stock index futures are up, with S&P 500 futures rising by 0.16%, Nasdaq futures increasing by 0.38%, and Dow futures up by 0.3%.

U.S. 10-year Treasury yields rose to 4.256%.

Spot gold fell by 0.15%, currently at 2639.67.

Bitcoin rose nearly 1%, currently at 96826.51.

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