Showing posts with the label RTTNews .
Markets on Track For Strong Start Amid Fairly Positive Data The major U.S. index futures are pointing to a notably higher opening on Thursday, with sentiment reflecting a return of optimism. Earnings news, though mixed, has largely been encouraging. Earlier in the global trading, a private survey showed that Chinese manufacturing activity expanded at a slightly faster pace. Private sector activity data from the eurozone also suggested an improvement, although the inner details of the survey were mixed. With jobless claims rising roughly in line with expectations, traders may be encouraged to pick up bargains. U.S. stocks closed Wednesday’s session notably lower, as positive earnings failed to inspire confidence amid worries concerning the economy and a shooting at the Canadian parliament. The major averages opened higher and stayed mostly above the unchanged line until the mid-session. Thereafter, the averages retreated steadily for the rest of the session. The Dow Industrials en
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Commentary Stocks May Give Back Ground After Yesterday’s Rally - U.S. Commentary Stocks are likely to come under pressure in early trading on Thursday , giving back some ground after ending the previous session sharply higher. The major index futures are currently pointing to a lower open for the markets, with the Dow futures down by 41 points. ( Oct 9, 2014 ) Full Article Economic News New Zealand Retail Card Spending Slips 0.1% Retail credit card spending eased a seasonally adjusted 0.1 percent on month in September, Statistics New Zealand said on Thursday . ( Oct 9, 2014 ) Full Article Japan August Core Machine Orders Spike 4.7% Core machine orders in Japan jumped 4.7 percent on month in August, the Cabinet Office said on Thursday - worth 807.8 billion yen. ( Oct 9, 2014 ) Full Article Australia September Jobless Rate 6.1% The unemployment rate in Australia was a seasonally adjusted 6.1 percent in September, the Australian Bureau of Statistics said on
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Non-farm Payrolls Data May Trigger Strong Early Buying. The major U.S. index futures are pointing to a higher opening on Friday, with sentiment suggesting modest optimism as markets digest a report showing a strong increase in non-farm payrolls and a slip back in the unemployment rate to the lowest level in more than 6 years. The dollar has firmed up in reaction to the report. Global cues are positive, with Asian stocks closing mostly higher, while the European markets are rallying on bargain hunting. If the domestic markets construe the data as suggesting strength of the economy, it could aid bargain hunting. Meanwhile, if the data triggers monetary policy normalization fears, selling could ensue. U.S. stocks ended a lackluster session on Thursday on a mixed note, as traders reacted to mostly positive economic news and a policy announcement by the European Central Bank. The major averages opened slightly higher, but after seeing some uneasy strength in early trading, the averages