Stock:
Symbol Lookup
Register | Login
...
History
...
...

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 2015 the year you get RICH!

Latest Headlines

Exclusive: Sysco, US Foods offer to divest 11 facilities to win FTC deal approvalExclusive: Sysco, US Foods offer to divest 11 facilities to win FTC deal approval
WASHINGTON (Reuters) - Food distributor Sysco Corp <SYY.N> and its biggest rival, US Foods Inc <USFOO.UL>, have offered to sell a smaller competitor 11 facilities in order to convince sk...
Honda says fatal crash involved Takata air bag inflator ruptureHonda says fatal crash involved Takata air bag inflator rupture
DETROIT (Reuters) - Honda Motor Co <7267.T> on Friday said it has confirmed that a Takata Corp <7312.T> air bag inflator ruptured in a Jan. 18 crash in Texas that killed the driver. Prio...
ECB's Praet says quantitative easing will help fend off damaging deflationECB's Praet says quantitative easing will help fend off damaging deflation
BERLIN (Reuters) - European Central Bank Executive Board member Peter Praet defended the ECB`s decision to buy government bonds in an interview published on Saturday, saying it took pre-emptive action...
Exxon adds discrimination protections in U.S. for LGBT workers  Exxon adds discrimination protections in U.S. for LGBT workers
HOUSTON (Reuters) - Exxon Mobil Corp <XOM.N>, the world`s largest publicly traded oil company, has changed its U.S. employment policies to prohibit discrimination based on sexual orientation a...
Fed's Williams sticks to mid-year call for possible rate hike Fed's Williams sticks to mid-year call for possible rate hike
SAN FRANCISCO (Reuters) - The Federal Reserve is still on track to potentially raise U.S. interest rates in six months or so, a top Fed official said on Friday, repeating a view he has held for severa...

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.


Learn the Stock Market

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

Algorithm Based
Trade Signals
arrow
small cap swing trades SmallCaps stocks under $10
Index Signals Index Signals SPY, QQQ, DIA, IWM
options trading Mega Stocks options + stock trade signals
AppleStock FREE AAPL Signals realtime daytrade signals