Dow futures are up nearly 200 points today, indicating Wall Street will bounce higher tonight. He welcomed talks between US President Joe Biden and Chinese President Xi Jinping that will help reduce the conflict between the two countries.
As of 6:24 p.m. Thai time, the Dow futures index gained 181 points, or 0.52%, to 34,934 points.
The Dow ended up down 151.69 points, or 0.43%, for four days in a row amid fears the Federal Reserve will cut its quantitative easing (QE) bond-buying program sooner than expected. expected The number of claims for unemployment benefits fell to the lowest level in nearly 18 months.
The number of first-time claims for unemployment benefits fell to 310,000 last week, the Labor Department said. and is the lowest level since the outbreak of the Covid-19 virus. in the US in March 2020 from 345,000 the previous week.
However, Wall Street stocks are expected to rebound today. He received the news of a phone call between Biden and Chinese President Xi Jinping, the first meeting between the two leaders since February. And it is Biden’s second time since he took office in January.
The White House said The two leaders discussed the need to avoid competition that would bring about conflict between the two countries.
Chinese President Xi Jinping said China is ready to cooperate with the United States in the field of global warming prevention, COVID-19 epidemic prevention, economic recovery. and other regional and global issues On the basis that the US and China will respect each other’s differences and concerns.
President Xi Jinping also said that If China and the United States face each other Both countries and the whole world will be at stake. But if China and the US can cooperate All parties will benefit.
Investors are keeping an eye on the Fed’s Sept. 21-22 policy-making meeting, with the August nonfarm payrolls expected to be one factor the Fed’s board is considering to begin announcing. Decrease the QE limit?
The US Department of Labor reported on Friday that Non-farm payrolls rose just 235,000 in August. That was lower than analysts’ estimates of 720,000 jobs after rising 1,053,000 in July.
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