Us stock index futures rose slightly before Friday's trading, and today the market focused on "scary data"-US retail sales, as well as the Federal Reserve's "number three" and New York Federal Reserve Chairman William Williams.What he said.
As of press time, Dow futures are up 0.1%, S & P 500 futures are up 0.2%, and Nasdaq futures are up 0.2%.
The FTSE 100th index in the UK rose 0.1 per cent, Germany's DAX index fell 0.2 per cent and France's CAC-40 index fell 0.7 per cent.
The dollar strengthened on Friday and is expected to record its best weekly performance in about a month, supported by investors buying dollars because of fears that the US will raise interest rates faster, coupled with a sharp rise in the number of people infected with the epidemic.
Gold suffered a sell-off due to the strength of the dollar, falling as low as around 1815. But it is still expected to rise for the fourth week in a row.
Friday's focus data will be the latest US retail sales data for June, which is likely to improve from the May decline. Retail sales fell by a much larger-than-expected 1.3% in May, after an increase of 0.9% in April.
"US consumer spending has been largely up and down this year, and a lot of fiscal stimulus has helped drive a rebound in consumption, but as a considerable number of US consumers choose not to spend all the windfalls they made in the stimulus package, the economic recovery has been uneven." Said Michael Hewson of CMC Markets.
"recent personal spending data confirm this, and apart from a few months of good performance, these figures have been quite low-key."
He added: "although the United States has done a good job in vaccine promotion programs and economic reopening, theme parks and holiday parks have reopened, we are now seeing an increase in confirmed cases. it seems to be fuelling caution about consumer spending patterns, which seems to be curbing retail sales."
Us Treasuries have risen for three weeks on concerns about the spread of the new Delta strain and bets that inflation is temporary-or at least the central bank will quickly contain it-driving down long bond yields.
However, Treasury yields rose early Friday after Mr Powell admitted in Senate testimony that inflation was "well above target".
The yield on the benchmark 10-year note rose 3 basis points to 1.329 per cent and the yield on the 30-year note rose 3.9 basis points to 1.958 per cent.
On Thursday, Powell was questioned by senators at the second congressional hearing on monetary policy. Powell reiterated that the rise in inflation appeared to be temporary, but he also acknowledged that price pressures were much higher than the central bank's target.
Inflation and job growth are both factors that determine when the Fed will tighten loose monetary policy. "We have said that we will begin to reduce asset purchases when we feel that the economy has made substantial progress since December," Powell said on Thursday. " "We are actively considering it now."
Us Treasury Secretary Yellen said on Thursday that she thought there would be "several months of rapid inflation" before price pressures cooled.
"I'm not saying it's an one-month phenomenon. But I think in the medium term, we will see inflation fall back to normal. "but, of course, we must pay close attention."
In addition to the US retail sales report, Williams, permanent voting committee of the Federal Open Market Committee (FOMC) and chairman of the New York Federal Reserve, will make a speech at 21:00 Beijing time on Friday night.
Williams spoke on the subject of inflation on Monday. Because the theme of the speech is about inflation, it has attracted a lot of attention from investors.
Focus stocks
Moderna is up nearly 7% before trading and will join the s & p on July 21.
Semiconductor company Aehr Test Systems rose nearly 30% before trading, and net sales doubled in the fourth quarter.
EricssonPre-market decline of 10.5%, revenue in the second quarter fell short of market expectations, and forecast a slowdown in the recovery in several markets.
FuboTV rose 5.6% before trading, and subsidiary Fubo Gaming won a market access agreement for Fubo Sportsbook, which was launched in Pennsylvania.
Real estate agency Real Brokerage fell more than 13% before trading after NasdaqThe exchange said there was potential mistrading in the stock.
Auto safety systems company Otto Liv fell more than 5% before trading, adjusted earnings per share in the second quarter, and sales fell short of market expectations.
BioNTech rose 1.1% before trading, and Fosun Pharmaceuticals recently revealed that Fubitai vaccine has been reviewed by FDA experts.
Bank of MontrealMorgan StanleyThe target price rose from $97 to $130.
IdealThe car rose 0.3% before the day of trading. Ideal Motors submitted an application for listing in Hong Kong in May, using a dual listing.
Hutchison rose more than 5% before trading, and the company submitted an application for listing permission for sovantinib to the European Drug Administration and was confirmed.
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