Market risk sentiment continued, European and American stock markets continued to rise across the board, and investors waited for today's "terrorist data"-- the retail sales report, and Goldman Sachs Group.The financial results will also be announced.
As of press time, Dow futures are up 0.5%, S & P 500 futures are up 0.4%, and Nasdaq futures are up 0.3%.
The FTSE 100th index in the UK rose 0.1 per cent, Germany's DAX index rose 0.4 per cent and France's CAC-40 index rose 0.4 per cent.
The volatility of the dollar index fell below the 94 mark and is expected to end five consecutive weeks of gains this week.
As risk sentiment heats up, spot gold is under pressure, falling as low as 1780 and falling as much as $15 on the day.
As crude oil futures continued to be pushed higher, oil stocks strengthened, and banks, airlines and hotel sectors also rose.
"after a volatile start to the week, the stock market seems inclined to think that corporate profits can continue to grow despite the dual pressures of rising energy prices and supply chain disruptions," said CMC markets's Michael Hewson.
At the same time, however, it was reported that new car sales in Europe fell to their lowest level since September 1995 due to a global shortage of semiconductors. The European Association of Automobile Manufacturers said the number of new cars registered last month was 718598, down 23.1% from a year earlier.
Despite rising energy prices and supply chain bottlenecks, listed US companies reported a series of steady results, sparking a wave of optimism that fuelled Wall Street's rally.
The number of people applying for unemployment benefits for the first time in the United States fell below 300000 last week, setting a low for COVID-19. The number of first-time claims for unemployment benefits was only 293000, down 36000 from last week (seasonally adjusted). This is the lowest number of people claiming unemployment benefits for the first time since March 14 this year.
On Thursday, the s & p 500 index rose 1.71%, its best intraday performance since march 5. Dow JonesThe index rose 1.55%, ending a four-day decline. The benchmark index of 30 stocks recorded its best performance since July 20. NASDAQThe composite index rose 1.73%, its best day since May.
The rise comes at a time of a strong start to the earnings season. On Thursday morning, eight companies in the S & P 500 reported quarterly results, each beating Wall Street expectations. Bank of America Corporation、 Morgan StanleyFinancial giants such as Citigroup Inc are on the list of reports.
Edward Moya, senior market analyst at Oanda, said: "the bank paints a strong and healthy picture of American consumers. After seeing reserve releases, mixed loan growth and consumers' willingness to borrow, Wall Street cannot turn to a negative view of the economy. " Companies such as Goldman Sachs Group, J.B. Hunt and PNC Financial will report quarterly results on Friday.
Thursday's better-than-expected employment data also boosted sentiment. The Labor Department said the number of new claims for unemployment benefits last week was 293000, less than 300000 for the first time since the outbreak.
"one thing is clear that inflation has continued to be higher than expected this summer, and the Fed is starting to notice that," said Charlie Ripley, a senior investment strategist at Allianz Investment Management.
"the high level of inflation makes it difficult for the Fed to ignore, and some market participants have questioned the 'temporary' view of inflation. We believe that rising inflation is forcing the Fed to withdraw from high levels of monetary stimulus ahead of time, "he added.
In addition to the results released by companies such as Goldman Sachs Group, retail sales data will be released at 08:30 Beijing time, while the University of Michigan consumer confidence index will be released at 10:00 Beijing time.
BofA expects US retail sales to decline in September, with retail sales expected to fall 0.6 per cent in September, triple market expectations of minus 0.2 per cent. September retail sales, excluding car sales, were flat in seasonally adjusted terms and below expectations of a 0.4 per cent rebound.
Treasury yields rose early Friday as investors weighed a series of key economic data released this week. The yield on the 10-year Treasury note rose more than 2 basis points to 1.544 per cent. The yield on the 30-year Treasury note rose 2 basis points to 2.047 per cent.
Focus stocks
Block chain plate rose before the session, Bit Digital rose 6.5% Bit Digital rose 4.3% Marathon Patent rose 4.3%, the first marketIt is up 3.6%, and Bittermining is up 2.1%.
Moderna Inc rose 3.1% before the session. By a vote of 19 to 0, the Advisory Committee on Moderna Inc FDA Vaccines and related Biological products recommended that FDA authorize the use of Moderna Inc FDA vaccine booster injections to all people over 65 years old in the United States, as well as to high-risk people aged 18 to 64.
Virgin GalaxyIt fell more than 20% before trading after announcing the postponement of commercial space travel services to the fourth quarter of next year.
Alcoa rose nearly 5% in pre-market trading, posted better-than-expected results in the third quarter and paid its first dividend in five years.
PNC Financial rose 1.3% before trading, and adjusted earnings per share and revenue in the third quarter were better than expected.
Pearson fell 12.2 per cent before trading, and the educational materials company said higher education sales were down 7 per cent so far this year, and freshman enrollment seemed to have been affected by COVID-19 's epidemic.
Corsair, a maker of video game-related peripheral products, fell 5.9% after the company said supply chain problems affected sales.
Del Taco fell 3.6% before trading, and same-store sales grew less than expected in the third quarter.
Taiwan Semiconductor ManufacturingIt rose 2.2% before trading, and Japan plans to provide a subsidy of 500 billion yen to the wafer factory that Taiwan Semiconductor Manufacturing Co Ltd will build in Japan.