Reuters / John Gress
Here is what you need to know.
Stocks climbed on Thursday after Federal Reserve Chair Jerome Powell signaled the central bank would lower interest rates this month.3. Trump could start a trade war with France over US tech firms. President Donald Trump has ordered an investigation after worries that France's digital services tax, would place a 3% levy on the French revenues of firms like Amazon.
4. Bitcoin has extended its losses after Fed chief urged halt to Facebook's crypto project. The cryptocurrency dipped almost 8% on Thursday, after Jerome Powell called for a halt to Facebook's Libra project until concerns ranging from privacy to money-laundering were addressed.
5. ranian gunboats trying to seize a British oil tanker were scared away by the Royal Navy. Three gunboats tried to get a British Oil tanker to alter it's path in the Strait of Hormuz, but a UK Royal Navy frigate was escorting the oil tanker and pointed its weapons on the Iranian vessels.
6. Boris Johnson said he finds it 'hard to disagree' with Trump's attack on Theresa May. The Tory leadership candidate refused to criticize the president who labeled the prime minister "foolish" and her handling of Brexit a "mess."
8. Stocks across the world today rallied after the Fed's announcement. US futures are up with the S&P 500 rising (+0.3%) as was the Nasdaq (+0.4%). In Europe trading opened on the up with the German Dax (+0.2%) and Euro Stoxx 50 (+0.3%). Asia closed strongly with the Nikkei 225 up (+0.5%), Shanghai Composite (+0.1%) and the Hang Seng (+0.8%).9. including US airlines company Delta's Q2 report.
10. In terms of economic data in the docket today the highlights are the Fed's chair Powell testifying as well as the Consumer Price Index report excluding food and energy.