Dow Jones Industrial Average News, 7/13/2016: Yesterday, Japanese Prime Minister Shinzo Abe ordered a fresh round of stimulus after his coalition won an election in a landslide.
Shinzo decided to continue pumping money into the economy after a meeting with former Federal Reserve Chair "Helicopter Ben" Bernanke.
Trending Now: I Can't Believe What Investors Just Did
Central bankers seem to have been playing this stimulus game in Japan for two decades. As Money Morning Capital Wave Strategist Shah Gilani explains, the markets are being propped up by two central bank lies. He exposes them for our readers, right here.
While investors can expect a wealth of commentary on monetary policy and interest rates today, they might be missing a number of other stories that can help them make money.
Here is today's top stock market news, stocks to watch, ways to profit, and economic calendar for July 13, 2016.
Dow Jones futures projected a nine-point gain on Wednesday as the markets sit at all-time highs. Continued expectations for more stimulus in Japan and Europe has traders on a sugar high, and markets project reduced expectations for the timing of the next interest rate by the U.S. Federal Reserve. Here's when you can expect the next U.S. interest rate hike.
Last night, Minneapolis Federal Reserve Bank President Neel Kashkari warned that the central bank is falling short on its target goals for domestic employment and inflation. He said that investors can expect increased patience from the Fed on monetary policy on rates. The central bank wants to see increased workforce participation. Meanwhile, Cleveland Fed President Loretta Mester said that uncertainty still exists following Britain's vote to depart the European Union. With so much uncertainty, just how much cash should you be holding right now? Find that answer, right here.
Crude oil prices are in focus today as the U.S. Energy Information Administration prepares to announce weekly inventory levels here in the United States. Yesterday, the American Petroleum Institute announced a surprise increase of 2.2 million barrels in storage last week.
Crude was sliding this morning as the International Energy Agency (IEA) said it anticipates an increased supply glut in the coming months. Meanwhile, Credit Suisse Group AG (NYSE ADR: CS) hiked its 2016 oil price forecast from an average of $36.91 per barrel to $43.59 per barrel.
WTI crude prices were down 1.1%, while Brent crude prices were off 1.4%.
Now here's your list of top stocks to watch in today's market, plus today's economic calendar:
Follow Money Morning on Facebook and Twitter.
We're Seeking Maximum Profits From the "IPO Icebreakers": 2016 has been a rough year for IPO investors, but that's about to change in the most lucrative way possible. Here's what you need to know to get ready for the turnaround. Read More...
[mmpazkzone name="end-story-hostage" network="9794" site="307044" id="138536" type="4"]
About the Author
Garrett Baldwin is a globally recognized research economist, financial writer, consultant, and political risk analyst with decades of trading experience and degrees in economics, cybersecurity, and business from Johns Hopkins, Purdue, Indiana University, and Northwestern.