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Stock impact report

Stock futures tick higher ahead of data releases: Markets Wrap [Wealth Professional (Canada)]

HSBC Holdings, plc. (HSBC) 
US:NYSE Investor Relations: hsbc.com/investor-relations
By Bloomberg by Andre Janse van Vuuren US stock futures are signaling a second day of modest gains as traders wager that economic data due later Wednesday will reinforce expectations for an interest-rate cut next week. Bitcoin extended its rebound. Contracts on the S&P 500 rose 0.1%. Dovish remarks from Federal Reserve officials and the expected appointment of a chair seen favoring easier policy have bolstered bets that rate cuts will come faster than previously anticipated, lifting stocks out of their November slump. Treasuries firmed and the dollar dipped ahead of an ADP Research report expected to show a deterioration in private-sector employment growth. The data has taken on added importance with official releases still delayed. A separate report is likely to slower growth in November services activity. “Instead of non-farm payrolls, people are going to look at ADP. Instead of the inflation numbers, they're going to look at things like the ISM service print,” said Justi Show less Read more
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