U.S. Equities Rebound On Positive Earnings

Upbeat retailers reports lift US market

US stocks rebounded on Wednesday led by materials shares. The rose 0.4% to 2722.46, with nine of 11 main sectors finishing higher. The Jones added 0.3% to 24768.93. index gained 0.6% to 7398.30.The strengthening slowed: the live dollar index data show the , a measure of the dollar’s strength against a basket of six rival currencies, edged up 0.1% to 93.29 and is rising currently. Stock indices futures point to lower openings today.

Stock market advanced on upbeat retailers reports. Treasury yields continued rising. Economic news were mixed: industrial production rose at above-expected rate of 0.7% in April, while construction of new houses dropped 3.7% to an annual rate of 1.29 million last month.

European stocks rise on upbeat earnings

European stocks extended gains on Wednesday . The British turned higher against the dollar while continued its slide and both are down currently. The gained 0.2%. Germany’s added 0.2% to 12996.33. France’s rose 0.3% and UK’s gained 0.2% to 7734.20. Markets opened mixed today.

Euro slide continued after reports the 5 Star Movement and League coalition is considering radical plans that would boost Italy’s deficit. In economic news, in euro zone in April was confirmed at 1.2% in March after gaining 1.3% in February.

Asian indices retreat

Asian stock indices are mostly lower today as the United States and China start trade talks. ended 0.5% higher at 22838.37 as the ‘s slide against the dollar accelerated. China’s stocks are lower despite a report China rose 1.9% over year in April to $9.09 billion: the is 0.5% lower and Hong Kong’s is down 0.3%. Australia’s is down 0.2% as gains against the greenback continued despite the report that rose more than expected in April.

HK 50 Daily Chart

rising

Brent futures prices

Read More Here...

Bookmark the permalink.