US futures in green after Powell's statement



US index futures continue the good series yesterday after Powell made a lot of dovish comments on monetary policy. He confirmed the expectations of interest rate cuts this month.

Speaking to Congress yesterday, Powell said the bank would act according to circumstances, given the slower pace of investment, trade war and other issues that affect the global economy.

The minutes of the last FED meeting also indicated that many of the bank's representatives agreed to cut interest rates.

Powell today also has a speech before the Senate, and today there will be a Q & A session that will be closely monitored by investors.

NASDAQ futures are up 0.2% on trades, DOW by 50 points and S & P500 up by about 5 points or 0.2%.

Delta Airlines is up 2.6% in the pre-race session after the company posted 8.7% revenue growth and 39% profit growth for that quarter. The company also has strong expectations for summer revenue. Bed Bath & Beyond was down 3.8% on trades due to lower ratings by banks and analysts.

Technological stocks have returned a bit back after France announced that the government has approved digital taxes on technology giants such as Facebook, Google and Apple. The States immediately criticized the action as "unfair" for US companies. Facebook is up 0.2%, Apple also, Twitter is 0.6%.

 Jr Trader Martin Nikolov

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