European and Asian stocks rose after the early scare from the latest Fukushima quake dissipated when all Tsunami warnings were cancelled. The global risk on mood was spurred by another jump in crude, which was up 1% in early trading, with the commodity complex now enjoying its biggest three-day rally since May, after Nigeria signaled optimism that OPEC will agree a supply-cut deal next week in Vienna. S&P futures are up 0.3%, with the cash index set to open at new record highs.
US stocks rose on Thursday as trading returned to normal at the New York Stock Exchange and Beijing's efforts to halt a rout in Chinese stocks lifted markets around the world. US stocks had fallen sharply on Wednesday as market turmoil in China, a rout in commodity prices, the Greek crisis and a major outage on the New York Stock Exchange spooked investors. While the NYSE resumed operations late in the trading day on Wednesday, all eyes were on the exchange to see if its systems would withstand heavy opening trade volumes.
US stocks hit all-time highs on Tuesday, with the Dow Jones Industrial average coming within striking distance of the 20,000 mark, as a post-election rally rolled on. All the three major indexes hit fresh record highs shortly after the open. The Dow has risen about 8.6 percent since Nov.8, with President-elect Donald Trump's expected agenda of economic stimulus and reduced taxes and regulations fueling a rally. "The macro and fundamental background are favorable for stocks and we expect equities to trend higher as we head into 2017," said Terry Sandven, chief equity strategist at U.S.
NEW DELHI: The 50-share Nifty index is expected to open flat on Thursday following mixed trend seen in other Asian markets. Tracking the momentum, the index may retest its crucial psychological level of 8,350 in trade today. At 08:00 a.m., Nifty India stock futures in Singapore were trading 2 points lower at 8363 indicating a flat opening on the domestic market. Tata Consultancy Services (TCS) which is scheduled to report its results for the quarter ended June 30 will remain in focus today.
NEW DELHI: The 50-share Nifty index is expected to open flat-to-higher on Monday following muted trend seen in other Asian markets. Tracking the momentum, the index may drift lower, but should be able to bounce back and reclaim its crucial psychological level of 8200 in trade today. At 07:30 a.m., Nifty India stock futures in Singapore were trading 38.50 points lower at 8,248 indicating flat-to-positive opening on the domestic market. On macro-economic front, markets would key a close eye on two important data points, which are lined up for this week.
Wall Street rose at the open on Friday as healthcare and technology stocks, led by Gilead and Apple, rebounded after two weak sessions, and despite data that came in lower-than-expected. A majority of the 10 major S&P indexes were higher, with the health and tech both snapping a 2-day losing streak. Apple shares rose 1.5 per cent to $126.94 and was the biggest driver on the Dow, Nasdaq and S&P 500. The Nasdaq biotech index was up 2.6 per cent, snapping a 5-day losing streak and on track for its best day since April 8.
The Nasdaq composite rose to a record high close on Tuesday while other major indexes hovered near their own recent all-time highs in a session with thin trading volume. A rally since late June has left the S&P 500 up nearly 7 per cent in 2016, with many investors weighing stretched valuations against expectations for continued low interest rates. "We're probably going to consolidate and then head higher," said John Canally, chief economic strategist for LPL Financial. "The odds of a US recession are low. The odds of a global recession are low.
NEW YORK: The Nasdaq 100 index, dominated by US technology stocks, may set a record high next week, helped by good earnings from Apple Inc expected on Tuesday. Technology shares led the US stock market's recovery this week from its worst correction in four years in August, thanks to gains in Alphabet, Amazon and Microsoft , after the three companies reported better-than-expected earnings results. The Dow Jones industrial average rose 0.9 per cent to 17,646.70, the S&P 500 index recovered another 1.1 per cent to 2,075.15, and the Nasdaq Composite closed the week up 2.27 per cent at 5,031.86.