The Labor Department’s weekly jobless claims might be the focus on Thursday. Early signs from the U.S. Futures Index suggest that Wall Street might open lower.
In the Asian trading session, the dollar weakened, while Oil resumed losses.
The U.S. major averages saw continued strength on Wednesday, reaching new highs for the session. The Nasdaq soared 1,857.06 or 12.2 percent to 17,124.97, the S&P 500 spiked by 474.13 points or 9.5 percent to 5,456.90 and the Dow surged 2,962.86 points or 7.9 percent to 40,608.45.
On the economic front, the five-year Treasury Inflation-Protected Securities or TIPS announcement will be held at 11.00 am ET.
The Energy Information Administration or EIA’s Natural Gas Report for the week will be issued at 10.30 am ET. In the prior week, the gas stock was 10.30 am ET.
Twenty-year Treasury Bond auction will be held at 11.00 am ET.
Thirty-year Treasury Bond auction will be held at 1.00 pm ET.
The Treasury Statement for March is scheduled at 2.00 pm ET. The consensus is for a deficit of $163.0 billion, while the deficit in the prior month was $307 billion.
The Fed Balance sheet for the week will be issued at 4.30 pm ET. In the previous week, the Level was $6.723 trillion.
Richmond Fed President Thomas Barkin will be speaking on ‘Driving Through the Economic Fog’ and participates in a moderated question-and-answer session before the Talbot County Business Appreciation Summit sponsored by the Talbot County Chamber of Commerce at 8.30 am ET.
Dallas Fed President Lorie Logan will speak on economic policy before hybrid Outlook for North American Trade and Immigration event co-hosted by the Federal Reserve Bank of Dallas at 9.30 am ET.
Kansas City Fed President Jeffrey Schmid will speak on the economic outlook and monetary policy before the Secured Finance Network Independent Finance Roundtable 2025 at 10.00 am ET.
Fed Governor Michelle Bowman Senate Banking Committee holds hearing on the nomination of Michelle Bowman to Federal Reserve vice chair for supervision at 10.00 am ET.
Asian stocks rallied on Thursday. Chinese stocks advanced. The benchmark Shanghai Composite index climbed 1.16 percent to 3,223.64.
Hong Kong’s Hang Seng index jumped 2.06 percent to 20,681.78. Japanese markets led regional gains as chip-related stocks surged. The Nikkei average soared 9.13 percent to 34,6 09. The broader Topix index settled 8.09 percent higher at 2,539.40.
Australian markets posted their biggest daily gain in five years. The benchmark S&P/ASX 200 climbed 4.54 percent to 7,709.60 while the broader All Ordinaries index closed 4.66 percent higher at 7,913.90.
Business News
Wall Street Poised To Open In Negative Zone
2025-04-10 12:50:11
