China Stocks Rise In Premarket Trading Following Stimulative Gov Commentary

The European Central Bank will almost certainly raise rates by 25 basis points on Thursday, but the focus will be on any signals from the Governing Council on the uncertain path beyond July, notes Jeffrey Kleintop. He discusses how futures are mixed as the July FOMC meeting begins. He talks about how China's Politburo pledges support for the property market and China stocks rise in premarket trading following stimulative government commentary. Pan Gongsheng has been named the new head of the Chinese Central Bank. Jeffrey then goes over how Microsoft (MSFT) and Alphabet (GOOGL) report earnings this afternoon. Additionally, the Dow Jones Industrial Average on an eleven-day win streak and the IMF raises global growth forecast despite slowing momentum in China. Tune in to find out more about the stock market today.