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

How to use Social Security to fix retirement inequalityHow to use Social Security to fix retirement inequality
CHICAGO (Reuters) - Americans need bigger retirement nest eggs, there is no doubt about that. More than half of us have saved less than $25,000, according to the Employee Benefit Research Institute....
Greek PM holds teleconference with German, French leadersGreek PM holds teleconference with German, French leaders
ATHENS (Reuters) - Greek Prime Minister Alexis Tsipras held an hour-long call with German Chancellor Angela Merkel and French President Francois Hollande amid slow-moving negotiations over a cash-for-...
Fed's Bullard: low rate vow is 'not helpful,' GDP targeting isFed's Bullard: low rate vow is 'not helpful,' GDP targeting is
(Reuters) - Forward guidance and bond-buying, two mainstays of global central banking since the 2007-2009 financial crisis, may actually be of little use in jump-starting a moribund economy, a study b...
Delta Air Lines says seeks Asia alliancesDelta Air Lines says seeks Asia alliances
TOULOUSE, France (Reuters) - Delta Air Lines <DAL.N> is interested in forging alliances with carriers in Asia, the airline`s president said on Thursday. Ed Bastian, speaking at a media event i...
Iconic motorbike maker Enfield eyes new markets to rev up growthIconic motorbike maker Enfield eyes new markets to rev up growth
NEW DELHI (Reuters) - Iconic motorbike maker Royal Enfield, owned by India`s Eicher Motors <EICH.NS>, is planning to push into Latin America and Southeast Asian markets to boost profits, CEO S...

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
swing trades FREE Swing Trade Ideas Clear, simple swing trades.
small cap swing trades Futures Day Trading System S&P + Crude Oil Signals
Autotrading Autotrade Stocks Try for Free!