FYI: U.S. stock index futures were higher Friday morning, as market participants awaited a key speech from the Federal Reserve’s top official.
At around 04:00 a.m. ET, Dow futures rose 84 points, indicating a positive open of more than 68 points. Futures on the S&P and Nasdaq were both slightly higher.
Market focus is largely attuned to the U.S. central bank’s annual Jackson Hole symposium, with Fed Chairman Jerome Powell expected to address an audience of policymakers and economists at around 10:00 a.m. ET.
Global stocks climbed at the end of a week dominated by central-bank policy, with a closely watched speech expected from Federal Reserve Chairman Jerome Powell later in the day.
The Stoxx Europe 600 opened 0.5% higher after a broadly positive session in Asia, with the U.K.’s FTSE 100 and the German DAX both up 0.6%.
Friday’s rises in stocks came a day after a series of weak manufacturing data around the world had raised concerns about a possible recession, weighing on U.S. indexes.
Gains in Europe were led by technology firms, with the sector up 1.1%. Danish IT company SimCorp ’s shares climbed 6.3% after it raised its revenue guidance.
Toronto-based Entertainment One’s shares jumped 29% after U.S. toy maker Hasbro said it would buy it for $4 billion.
The yield on 10-year Treasurys rose to 1.636% on Friday, from 1.613% on Thursday. Bond yields and prices move in opposite directions.
In currencies, the pound fell 0.3% against the U.S. dollar to $1.2215. Sterling also fell against the euro by 0.2%.
The WSJ Dollar Index, which measures the currency against a basket of its peers, ticked up 0.1%.
In commodities, global benchmark Brent crude gained 0.1% to $60.16 a barrel. Gold dropped 0.2%.
Regards,
Ted
:
WSJ:
https://www.wsj.com/articles/global-stocks-rise-with-all-eyes-on-the-fed-11566547507Bloomberg
https://www.bloomberg.com/news/articles/2019-08-22/asia-stocks-set-for-muted-start-as-powell-awaits-markets-wrap?srnd=premiumIBD:
https://www.investors.com/market-trend/stock-market-today/dow-jones-futures-fed-chief-jerome-powell-stock-market-rally-salesforce-vmware-buoy-market/CNBC:
https://www.cnbc.com/2019/08/23/us-stocks-wall-street-monitors-speech-from-fed-chair-jerome-powell.htmlU.K.
https://uk.reuters.com/article/uk-britain-stocks/ftse-rebounds-ahead-of-powell-speech-entertainment-one-soars-idUKKCN1VD0O9Europe:
https://www.reuters.com/article/us-europe-stocks/european-shares-grind-higher-ahead-of-powell-speech-idUSKCN1VD0O1Asia:
https://www.marketwatch.com/story/asian-markets-up-slightly-ahead-of-feds-jackson-hole-conference-2019-08-22/printBonds:
https://www.cnbc.com/2019/08/23/us-bonds-treasury-yields-rise-as-investors-await-clues-from-powell-speech.htmlCurrencies:
https://www.cnbc.com/2019/08/23/forex-markets-federal-reserve-new-zealand-dollar-in-focus.htmlOil:
https://www.cnbc.com/2019/08/23/oil-markets-federal-reserve-jerome-powell-speech-in-focus.htmlGold:
https://www.cnbc.com/2019/08/23/gold-markets-federal-reserve-jerome-powell-speech-in-focus.htmlCuirrent Futures:
https://finviz.com/futures.ashx 
