Dow gathers strength for a rally after 3-day skid

U.S. stock futures pointed to a modest rise at the open Thursday, putting the Dow industrials on track to recover from a three-day skid that has been blamed in large part on trade-war fears.

Several economic releases are due to arrive in the morning, covering jobless claims, the Philadelphia Federal Reserve’s manufacturing index and more.

Dow Jones Industrial Average futures rose 76 points, or 0.3%, to 24,864, while S&P 500 futures gained 5.85 points, or 0.2%, to 2,759.75. Nasdaq-100 futures tacked on 12.25 points, or 0.2%, to 7,070.25.

Worries are persisting this week about a potential global trade war, helped by a report that the Trump administration may impose up to $ 60 billion in tariffs on Chinese goods.

Source: Marketwatch

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China Stocks Rally as Developers, Healthcare Firms Shine

China stocks rebounded on Tuesday, aided by robust gains in shares of real estate and healthcare firms, as worries of an imminent trade war eased. The tech-heavy start-up index, ChiNextp, closed at a five-week high, recouping most of its lost ground since late January, as the country plans new share issue option to bring tech giants home.

At the close, the Shanghai Composite index was up 1 percent at 3,289.64. The blue-chip CSI300 index was up 1.2 percent, with its financial sector sub-index gaining 1.62 percent. Consumer staples sector was down 0.05 percent while the real estate index rose 4.31 percent and healthcare sub-index gained 2.17 percent. The smaller Shenzhen index ended 1.17 percent higher and the start-up board ChiNext Composite index was firmer by 0.11 percent.

Source : Reuters

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Tokyo Stocks Close Higher on Wall St Rally

Tokyo stocks snapped a four-day losing streak Tuesday, boosted by a rebound on Wall Street and a fall in the yen’s value against the dollar.

The benchmark Nikkei 225 index climbed 1.79 percent or 375.67 points to 21,417.76 while the broader Topix index was up 1.27 percent or 21.51 points at 1,716.30.

Source : AFP

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