Dow shapes up to break losing streak, but earnings could kill the buzz

U.S. stock futures pointed to an upbeat open on Wall Street Tuesday, with the Dow on track to break a four-session losing run as bond yields eased back.

The forecast-beating earnings season was still in focus. Six Dow components were scheduled to release financial updates before the bell, including Coca-Cola and United Technologies.

Futures for the Dow Jones Industrial Average jumped 84 points, or 0.3%, to 24,498, while those for the S&P 500 index added 10.20 points, or 0.4%, to 2,681.75. Futures for the Nasdaq-100 index climbed 28.25, or 0.4%, to 6,695.

The indicated gains come after a mostly weak session on Monday, when the Dow skidded less than 0.1%, the Nasdaq Composite Index lost 0.3% and the S&P 500 index closed virtually unchanged.

Source : Marketwatch

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China Stocks Post Best Gains in 2 Months as Beijing Vows to Hit Economic Targets

China stocks posted their strongest gains in two months on Tuesday as the Communist Party declared its determination to achieve this year’s economic targets in the face of rising global trade tensions.

A faltering in exports could push authorities to shift policy from a slight tightening bias to a looser stance, or even a return to their old playbook of growth-boosting measures, economists say.

The blue-chip CSI300 index ended up 2.0 percent at 3,843.49 points, while the Shanghai Composite Index also climbed 2 percent to 3,128.93. Both indexes logged their best daily gain since Feb. 22.

The real estate and consumer sectors rose 3.9 percent and 3.1 percent, respectively, leading an across-the-board rally.

Source : Reuters

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Asia Stocks Rise as Political Tensions Ease; Korea Shares Fall

Asia stocks rose as investors turned their attention to the outlook for company earnings and as concerns about global political tensions eased. A weaker yen supported Japanese equities.

The MSCI Asia Pacific Index gained 0.4 percent to 173.36 as of 5:13 p.m. in Hong Kong. Indexes from Australia to India climbed. South Korea’s benchmark slid after SK Hynix Inc. reported disappointing earnings. The dollar held near a three-month high as U.S. Treasuries rose.

Chinese stocks gained the most in two months amid signs the government is willing to ease its tightening campaign to avoid an overly sharp economic downturn. India’s key indexes extended gains for a second day as a rally in banking stocks outpaced a decline in metal shares triggered by a record slump in the global aluminum price.

Source : Bloomberg

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