Stock:
Symbol Lookup
Register | Login My Watchlist | My Account | Logout
History
to View Your Portfolio

Pre Market | Dow Jones | Gold | Newsletters | Learn


Futures High, Sentiment Upbeat after Chinese Trade Data

Thursday, January 10, 2013 7:52 AM
U.S. stock futures gained on Thursday, taking a cue from global equities that turned higher after an upbeat trade data from global economic engine, China, boosted the market sentiment. At last check, futures on Dow Jones Industrial Average Index gained 0.26%, those on Nasdaq 100 Index added 0.26%; while futures on S&P 500 Index also tacked higher 0.26%. Earlier today, a data release from China showed country’s exports grew by 14.1 percent in December YOY, beating economists’ estimate and up from 2.9% growth in November. The trade surplus expanded further to $31.6 billion in December from $19.6 billion in November. Analysts at Danske bank wrote that latest data supports their view that China’s economic would pick up moderately in the first half of 2013. On U.S. economic data front, Labor Department’s data on weekly jobless claims is due at 8:30 a.m. EST. Economists’ consensus estimate is for drop in initial claims—down to 365,000 from 372,000 in previous week.  Commerce Department’s data on wholesale inventories for November is due to release at 10:00 a.m. EST. The European Central Bank (ECB) is scheduled to announce its policy statement on Thursday. The bank is expected to keep benchmark interest rate unchanged. The policy statement will be made known at 7:45 a.m. EST and later at 8:30 a.m. EST, ECB’s President, Mario Draghi will hold a news conference. The Bank of England will also announce its policy stamen on Thursday. In Asia all leading benchmark indexes ended higher with Japan’s Nikkei Index gaining 0.70% while Hong Kong’s Hang Seng Index edging up 0.59% for the day. European equities were mixed with Stoxx 600 almost flat, FTSE inching up 0.08% while Spain’s Ibex 35 slipping 0.06%, at last check. Shares of Ruby Tuesday Inc. (NYSE: RT) will be under spotlight on Thursday. Shares slumped 8.30 percent in aftermarket hours after casual dining chain reported wider than expected loss in fiscal second quarter. Supervalu Inc. (NYSE: SVU) is scheduled to report fiscal third-quarter earnings on Thursday.    
PRINT

FREE Options Trading Lessons
I'll show you how to unlock HUGE Gains with Options Trading
Let's make 2016 the year you get RICH!

Latest Headlines

Greek PM says differences between lenders delaying bailout review - paperGreek PM says differences between lenders delaying bailout review - paper
ATHENS (Reuters) - Greek Prime Minister Alexis Tsipras said on Saturday that differences between the country`s international lenders over its pension reform plans are delaying the first review of its ...
Dijsselbloem rejects calls for looser banking rulesDijsselbloem rejects calls for looser banking rules
AMSTERDAM (Reuters) - Eurogroup chairman Jeroen Dijsselbloem rejected calls for banking union regulations to be loosened after weeks of falling bank shares, saying new European bail-in rules had cau...
China Lunar New Year holiday retail sales up 11.2 percent year-on-yearChina Lunar New Year holiday retail sales up 11.2 percent year-on-year
BEIJING (Reuters) - China`s retail sales grew 11.2 percent during the week-long Lunar New Year vacation compared with the same holiday period last year, Ministry of Commerce data showed on Saturday. ...
Market turmoil could hold back euro zone inflation - ECB's CoeureMarket turmoil could hold back euro zone inflation - ECB's Coeure
FRANKFURT (Reuters) - Europe`s financial market turmoil could delay a rise in inflation even further and banks will need to be fixed with forceful action over time, European Central Bank Executive Boa...
China central bank: speculators should not dominate sentimentChina central bank: speculators should not dominate sentiment
BEIJING (Reuters) - Speculators should not be allowed to dominate market sentiment regarding China`s foreign exchange reserves and it was quite normal for reserves to fall as well as rise, central ban...

Loading Headlines...
 

Stock Market

Track the stock market today with the latest news and information on all things investing! Watch your stocks perform throughout the day and watch the breaking stock market news.

Feedback | disclaimer | privacy policy

Stock Market News

The Stock Market is ever changing. Keep up on your stock market news.

Stock Market Newsletters

Read up on your favorite stock market newsletters.

{localized={en_US=Terry}, preferredLocale={country=US, language=en}} {localized={en_US=Scott}, preferredLocale={country=US, language=en}}

Terry Scott
CEO of StockMarketWatch

View Profile


Learn the Stock Market

Sharper your stock trading skills with our stock market education section.

Be a Better
Trader, Today
arrow
PreMarket PRO Our New Streaming Realtime Pre-Market Product -- Click Here to Learn More