empty
25.07.2023 01:36 PM
US premarket on July 25: Chinese leaders advocate further economic stimulation

Futures on US stock indices have risen slightly from yesterday's closing level, indicating a relatively calm situation. The Fed's two-day meeting begins today, and the outcome will determine the course of monetary policy. S&P500 futures gained 0.3%, while NASDAQ added 0.4%. Stoxx Europe 600 bounced back after a shaky start to the week.

This image is no longer relevant

Investors seem hesitant to make big bets due to uncertainty about signals from the US Federal Reserve and the European Central Bank. This week, reports from Microsoft Corp., LVMH, and Google Alphabet Inc.'s parent company are expected, which may bring some surprises.

As a result, investors do not feel secure enough to re-enter the stock market ahead of such an eventful week. Considering the recent data from the US is somewhat tolerable, a continuation of the bullish rally can be expected if the Fed announces the end of its rate-hiking cycle to combat inflation.

On Tuesday, the key review of eurozone bank lending revealed a record decline in demand for corporate loans. Alongside gloomy business forecasts from Germany and yesterday's data, many questions arise about the ECB's ability to continue raising interest rates aggressively.

Following the Politburo meeting, Chinese leaders stated their readiness to provide additional support to the economy, leading to a rise in technology company stocks listed on the Hong Kong Stock Exchange. The Chinese real estate index also increased. This stimulating signal led to growth in emerging markets stocks and commodity companies. Shares of mining companies Anglo American Plc and Rio Tinto Plc surged by more than 3%. As for currencies, the yuan reached its strongest level in over a week.

Wheat prices rose to a five-month high after Russia suspended grain deals.

Regarding the S&P 500 index, demand for the trading instrument remains. Bulls have a chance to continue the uptrend, but they need to hold the price above $4,557 and $4,582. From these levels, a surge to $4,609 may happen. Another important task for bulls is to control $4,637 to strengthen the bullish market. In case of a downward movement due to decreased risk appetite, bulls should protect $4,539. A breakthrough of this level may quickly push the trading instrument back to $4,515 and $4,488.

Jakub Novak,
Analytical expert of InstaForex
© 2007-2025
Select timeframe
5
min
15
min
30
min
1
hour
4
hours
1
day
1
week
Earn on cryptocurrency rate changes with InstaForex
Download MetaTrader 4 and open your first trade
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST

Recommended Stories

Update on US stock market on May 22

S&P500 Snapshot of benchmark US stock indices on Wednesday: Dow -1.9%, NASDAQ -1.4%, S&P 500 -1.6%, S&P 500 at 5,844, range 5,400–6,200. Yesterday, the stock market hit a wall

Jozef Kovach 11:06 2025-05-22 UTC+2

Stock Market Buy and Sell Recommendations – May 22, 2025

Buy Google Shares (#GOOG) Google, a multinational corporation within Alphabet Holdings, specializes in internet search, cloud computing, and advertising technologies. After the price consolidated above the 165.21 level (the

Laurie Bailey 05:06 2025-05-22 UTC+2

US market pulls back. Correction in sight?

S&P 500 Overview for May 21US market pulls back. Correction in sight? Major US indices on Tuesday: Dow -0.3%, NASDAQ -0.4%, S&P 500 -0.4%.S&P 500: 5,940, trading range: 5,400-6,200

Jozef Kovach 12:41 2025-05-21 UTC+2

Update on US stock market on May 20. Market holding gains without any correction

S&P500 Update on US stock market on May 20. Market holding gains without any correction Snapshot of benchmark US stock indices on Monday: Dow +0.3%, NASDAQ +0.0%, S&P 500 +0.1%

Jozef Kovach 11:00 2025-05-20 UTC+2

US credit rating downgrade raises odds of market correction

S&P 500 Overview for May 19 US credit rating downgrade raises odds of market correction Major US indices on Friday: Dow +0.8%, NASDAQ +0.5%, S&P 500 +0.7% S&P 500: 5,958

Jozef Kovach 12:32 2025-05-19 UTC+2

US Market: stalling below yearly highs

S&P 500 Overview for May 15 US Market: stalling below yearly highs Performance of the key US indices on Wednesday: Dow -0.2% | NASDAQ +0.7% | S&P 500 +0.1% S&P

Jozef Kovach 12:59 2025-05-15 UTC+2

Stock market buy and sell recommendations for May 15, 2025

Buying JP Morgan Chase shares (#JPM) JP Morgan Chase is an American multinational financial conglomerate. On the weekly chart, the stock has accelerated to the upside, likely aiming to reach

Laurie Bailey 12:56 2025-05-15 UTC+2

Update on US stock market on May 14

S&P500 Snapshot of benchmark US stock indices on Tuesday: Dow -0.6%, NASDAQ +1.6%, S&P 500 +0.7%. S&P 500: 5,886, range 5,400–6,200. Yesterday was another winning session for stocks. The S&P

Jozef Kovach 13:05 2025-05-14 UTC+2

Stock market buy and sell recommendations for May 14, 2025

Buying company shares (#IBM) International Business Machines (IBM) is one of the largest US-based IT companies, engaged in hardware manufacturing, software development, and more. On the daily chart, Monday's session

Laurie Bailey 13:03 2025-05-14 UTC+2

S&P 500 Forecast for May 14, 2025

On the weekly chart, the price has broken through the resistance of the embedded line of the green price channel and reached the target level of 5,908, the low from

Laurie Bailey 12:53 2025-05-14 UTC+2
Can't speak right now?
Ask your question in the chat.
Widget callback
 

Dear visitor,

Your IP address shows that you are currently located in the USA. If you are a resident of the United States, you are prohibited from using the services of InstaFintech Group including online trading, online transfers, deposit/withdrawal of funds, etc.

If you think you are seeing this message by mistake and your location is not the US, kindly proceed to the website. Otherwise, you must leave the website in order to comply with government restrictions.

Why does your IP address show your location as the USA?

  • - you are using a VPN provided by a hosting company based in the United States;
  • - your IP does not have proper WHOIS records;
  • - an error occurred in the WHOIS geolocation database.

Please confirm whether you are a US resident or not by clicking the relevant button below. If you choose the wrong option, being a US resident, you will not be able to open an account with InstaForex anyway.

We are sorry for any inconvenience caused by this message.