U.S. Stocks Extend Records, Europe Bonds Rise on Stimulus Bets

U.S. stocks extended all-time highs and European bonds gained amid speculation the European Central Bank will buy government debt to support growth. Natural gas led commodities lower and oil retreated.

The Standard & Poor’s 500 Index rose 0.3 percent to an all-time high at 4 p.m. in New York. The Dow Jones Industrial Average climbed less than 0.1 percent to extend a record, while the Russell 2000 Index of small companies rallied 1.2 percent to a July high. The Stoxx Europe 600 Index closed little changed as gains by banks offset a slump in resource producers. The yield on Spain’s 10-year bond fell four basis points to a record 1.97 percent. Natural gas slid the most since February, and crude oil fell before an OPEC meeting.

The S&P 500 advanced 1.2 percent last week as data signaled the U.S. economy is improving, ECB President Mario Draghi pledged to raise inflation as fast as possible and China unexpectedly cut interest rates. A gauge of German business confidence unexpectedly rose for the first time in seven months, a report showed today. Preliminary data from Markit Economics showed the U.S. services industries expanded at a slower pace than estimated this month. OPEC meets this week to determine production levels.

Source: Bloomberg

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Sumber : bpfnews.com

Europe Stock-Index Futures Rise as Investors Await Draghi Speech

European stock-index futures rose, with equities heading for a second weekly gain, as investors awaited a speech from European Central Bank President Mario Draghi that may give indications on further stimulus measures. U.S. index futures and Asian shares also climbed.

Contracts on the Euro Stoxx 50 Index expiring in December added 0.3 percent to 3,108 at 7:16 a.m. in London. The Stoxx Europe 600 Index pared its weekly advance to 0.8 percent yesterday as miners fell after euro-area and Chinese manufacturing data missed estimates. Standard & Poor’s 500 Index futures rose 0.2 percent today and the MSCI Asia Pacific Index gained 0.4 percent.

Draghi will speak at 9 a.m. at the European Banking Congress in Frankfurt. Bundesbank President Jens Weidmann, who opposes purchasing sovereign debt, will address the same venue at 11 a.m.

Source : Bloomberg

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Sumber : bpfnews.com

Europe Stocks Rise With S&P 500 Futures on PBOC Cash

European and Asian stocks rose with U.S. equity-index futures after a report that China’s central bank injected funds, while crude oil climbed a second day. Japan’s yen rose for the first time in seven days as Finance Minister Taro Aso said its decline has been too fast.

The Stoxx Europe 600 Index climbed 0.3 percent by 8:20 a.m. in London and Standard & Poor’s 500 Index futures increased 0.2 percent. Chinese shares jumped after Market News International reported the People’s Bank of China offered 50 billion yuan ($ 8.17 billion) of short-term funds as upcoming share offers crimped cash supply. The yen added 0.4 percent to 117.70 per dollar and the ruble jumped. Oil in New York advanced 0.3 percent toward its first weekly gain since September.

The PBOC will provide liquidity support through multiple monetary policy tools when necessary, the central bank said today. Data this week showed Asia’s two largest economies struggling, with Japan falling back into recession and Chinese factory activity at a six-month low. Analysts polled by Bloomberg are split on if Organization of Petroleum Exporting Countries members will cut supply on Nov. 27.

Source : Bloomberg

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Sumber : bpfnews.com

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