Dow poised to rise and lock in a monthly gain on Merger Monday

U.S. stock futures pointed to a rise at the open Monday, keeping the Dow Jones Industrial Average on track for an April gain with one session left to the month.

Traders will be reacting to Sprint Corp. and T-Mobile US Inc.A?a��a�?s planned merger, as well as to economic reports, with releases on inflation and the housing market on tap.

Dow futures added 104 points, or 0.4%, to 24,387, while S&P 500 futures rose by 8.85 points, or 0.3%, to 2,680.25. Nasdaq-100 futures climbed by 37.75 points, or 0.6%, to 6,707.50.

On Friday, the Dow, S&P 500 and Nasdaq Composite all finished little changed for the session and in the red for the week.

Source : Market Watch

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European stocks lock in weekly gains as euro weakens

German and U.K. stocks led advances in European equity trade Friday, amid weakness in the euro and the pound against the dollar. For the week, the pan-Europe benchmark posted a gain amid a raft of corporate quarterly results.

Germany’s DAX 30 index rose 0.6% to close at 12,580.87, while the U.K.’ FTSE 100 added 1.1% to 7,502.21.

France’s CAC 40 index tacked on 0.5% to reach 5,483.19.

The Stoxx Europe 600 index gained 0.2% to 384.65, rising 0.7% for the week. That marked a fifth straight winning week.

The euro dropped to $ 1.2082, from $ 1.2104 late Thursday in New York. The euro fell below $ 1.22 on Thursday after the European Central Bank held benchmark interest rates steady as expected.

The pound fell to a more than seven-week low at $ 1.3786 after a disappointing reading on U.K. economic growth, down from $ 1.3915 late Thursday in New York.

German and U.K. equities marched higher as the euro and the pound fell. Their stock benchmarks are heavily weighted with exporters and multinational companies, and currency weakness can bolster earnings and revenue for those companies.

Source: Marketwatch

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Asia Shares Fall as Investors Lock in Gain Amid U.S. Tax Wrangle

Asian equities fell as investors used declines in U.S. stocks amid uncertainty over the progress of tax changes as a reason to lock in profit ahead of year-end. 

The MSCI Asia Pacific Index fell 0.1 percent to 170.31 as of 4:21 p.m. in Hong Kong, with utilities and industrial companies’ shares the worst performing groups. S&P 500 Index futures retreated 0.2 percent after U.S. stocks lost 0.3 percent on Friday. Japan’s benchmark Topix index halted a two-day gain, dragged down by electronics makers and banks.

Source : Bloomberg

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