Posts Tagged Nikkei
Futures Fall Ahead of Data Deluge
Posted by Oksana Grebenjuk in Fund Markets on Октябрь 1st, 2009
U.S. stocks futures are indicating a lower open Thursday as investors paused for breath ahead of a flood of economic data.
Less than two hours before the start of trading, Dow Jones Industrial Average futures were 46 points lower at 9607. The S&P 500 futures slipped 5.4 to 1047.5, and Nasdaq 100 futures lost 8.75 to 1708.75. Changes in futures do not always accurately predict early market moves after the opening bell.
U.S. stocks weakened Wednesday on the final day of the third quarter, with the Dow Jones Industrial Average retreating 30 points, the Nasdaq Composite losing 2 points and the S&P 500 slipping 4 points. Weak economic data on jobs and a Chicago-area poll contributed to the bearish tone.
However, the stock market ended near its highs for the year, with many of the riskiest stocks leading the charge.
As the curtain goes up on the fourth quarter Thursday, investors are bracing for a deluge of economic releases. The Labor Department has its weekly jobless claims report and the National Association of Realtors has pending home sales figures. Personal income and the related PCE deflation inflation gauge for August, the Institute for Supply Management’s manufacturing gauge for September, construction spending for August and car sales data for September are also expected. Read the rest of this entry »
US Stocks Slide As US-China Trade Relations Hit A Rough Patch
Posted by Oksana Grebenjuk in Fund Markets on Сентябрь 14th, 2009
U.S. stocks fell as trade relations between the U.S. and China turned rockier, with the energy and financial sectors under pressure.
Shortly after the opening bell, the Dow Jones Industrial Average was lower by about 62 points. The S&P 500 was down about 0.6%. The Nasdaq Composite Index slipped 0.4%.
Escalating trade tensions between the U.S. and China rattled overseas markets. The U.S. over the weekend imposed tariffs on Chinese-made tires, while China said it planned an antidumping investigation into U.S. sales of chicken and auto products.
In Asia, most markets lost ground. The Nikkei tumbled 2.3% on concerns that the strengthened yen could put a dent in exporters’ earnings. Hong Kong’s Hang Seng ended 1.1% lower at 20932.20, while Australia’s S&P/ASX 200 fell 1.4% and South Korea’s Kospi dropped 1%. Major benchmarks in Europe also fell. Read the rest of this entry »
Stocks ready to rise again
Posted by Oksana Grebenjuk in Favourites, Fund Markets on Май 7th, 2009
Wall Street was set for a higher open Thursday after Treasury Secretary Tim Geithner offered reassuring comments about U.S. banks and the government reported a 3-month low in jobless claims.
Also, Wal-Mart reported same-store sales and General Motors posted a quarterly loss that was narrower than expectations.
At 8:47 a.m. ET, the Dow Jones industrial average, S&P 500 and Nasdaq-100 futures were higher.
Futures measure current index values against perceived future performance and offer an indication of how markets may open when trading begins in New York.
U.S. stocks surged Wednesday after early reports of the government’s so-called stress tests suggested that the major banks are better capitalized than some had thought.
Geithner further reassured investors when he said in a TV interview Wednesday night that none of the 19 banks that were tested are at risk of insolvency.
David Jones, chief market strategist at IG Markets in London, said that «reassuring noises» from Geithner about the financial health of the banks helped to fuel investor sentiment. Read the rest of this entry »
Recession is Starting to Ease
Posted by Oksana Grebenjuk in Favourites, Fund Markets on Апрель 30th, 2009
The Fed confirmed what Wall Street has already concluded: The recession is starting to ease.
Federal Reserve policymakers said at the end of a two-day meeting that while the economy is still receding, the pace of decline «appears to be somewhat slower» than the last time they met in mid-March.
That was confirmation enough for the stock market. Major indexes, which had already been up sharply ahead of the announcement, posted gains of more than 2 percent. The Dow Jones industrial average jumped 169 points to its highest close since Feb. 9.
«It’s all part of a picture of improving confidence,»said Richard E. Cripps, chief market strategist for Stifel Nicolaus.
Stocks began the day higher as investors responded to bright spots within a weaker-than-expected report on the nation’s economic output for the first three months of the year. Read the rest of this entry »
Asia markets rise on Japan stimulus, China lending
Posted by Oksana Grebenjuk in Fund Markets on Апрель 13th, 2009
Asian markets gained more ground Monday as Japan’s new $150 billion stimulus plan and upbeat news about Chinese bank lending boosted hopes for recovery in the region’s major economies.
Trade was thinner than normal with many investors still away for a public holiday and several markets closed. A stronger dollar combined with Tokyo’s latest measures helped exporters like Mazda and Nissan. Oil prices slipped to near $51 a barrel.
Japan’s newest effort, unveiled Friday, calls for 15 trillion yen ($150 billion) in government spending and aims to arrest an economic slide caused by the unprecedented drop in global demand. The world’s second-largest economy is struggling through its most painful recession since World War II.
The move is part of a worldwide effort by governments to restore growth. China’s stimulus measures have become a major source of optimism among investors in Asia.
News that Chinese bank lending surged last month reinforced a belief that Beijing’s massive government spending and easier fiscal policies will lead consumers and businesses to sink more money into the economy and help China stage a quicker recovery. Read the rest of this entry »
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