U.S. stocks shape up to rebound, as focus turns to retail sales

Wall Street was poised for an upbeat trading day on Wednesday, as investors looked ahead to data on U.S. retail sales, which could either strengthen or weaken the case for the Federal Reserve to raise interest rates four times this year.

The gains for U.S. stock futures also indicated a rebound from the prior day’s losses when traders used the departure of Secretary of State Rex Tillerson as an excuse to book some profits.

Futures for the Dow Jones Industrial Average jumped 99 points, or 0.4%, to 25,149, while those for the S&P 500 index climbed 7.70 points, or 0.3%, to 2,780.75. Futures for the Nasdaq-100 index added 23 points, or 0.3%, to 7,106.

The upbeat mood on Wednesday came as traders picked up stocks after the selloff in the previous session, which came as investors took profits after a period of strong gains last week. The profit taking was sparked by President Donald Trump’s move to sack Tillerson and to replace him with Central Intelligence Agency Director Mike Pompeo, analysts said.


PT Bestprofit Futures – MARKET
Sumber : bpfnews.com

Asian Stocks Rebound With Japan as Investors Turn to CPI Data

Asia’s benchmark equity index rebounded with Japanese shares as investors turned their focus to U.S. inflation data expected later Tuesday — the last major piece of data that may give clues on the pace of policy tightening ahead of the Federal Reserve’s meeting next week.

The MSCI Asia Pacific Index added 0.2 percent as of 4:22p.m. in Hong Kong for its fourth day of gains — after posting its biggest single day gain in 16 months Monday — with gauges of real estate and technology companies leading the advance.

S&P/ASX 200 -0.4%, New Zealand’s S&P/NZX 50 +0.1% to record. Kospi +0.4%, Kospi 200 +0.7%.Taiex +0.9% to highest since Feb. 2.

Straits Times Index +0.3%, Malaysia’s KLCI little changed, Jakarta Composite Index -1.3%, Philippine Stock Exchange PSEi Index -0.4%, Vietnam’s VN Index +0.6%, Thailand’s SET Index -0.2%.

Source: Bloomberg

PT Bestprofit Futures – MARKET
Sumber : bpfnews.com

Tokyo Shares Rebound as Trade War Fears Ease

Tokyo stocks ended higher on Thursday, boosted by easing fears of a trade war as the White House signalled it would water down plans for contentious metal tariffs.

The benchmark Nikkei 225 index rose 0.54 percent, or 115.35 points, to end at 21,368.07 while the broader Topix index climbed 0.35 percent, or 5.99 points, to 1,709.95.

Source : AFP

PT Bestprofit Futures – MARKET
Sumber : bpfnews.com

1 2 3 130