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Dow Set For Triple-Digit Gain Amid Signs of Economic Bottom


Friday, 1 March 2019 19:22 WIB

Indeks berjangka ASDowJones Futures


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U.S. stock markets are poised to open higher Friday, breaking its longest losing streak of the year so far thanks to signs that the Chinese and European economies may be bottoming out.

The blue-chip Dow futures gained 174 points, or 0.67%, to 26,086.5 points by 6:50 AM ET (11:50 GMT), the S&P 500 futures rose 17 points, or 0.62%, to 2,801.88 points, while the tech-heavy Nasdaq 100 futures traded up 54 points, or 0.75%, to 7,156.12 points.

Business surveys from China and Europe showed that the economic situation there wasn't quite as bad as initial readings last week had suggested – even though both the Caixin and the IHS Markit

Purchasing Managers Index, for China and euro zone, respectively, were below the 50 level that separates growth from contraction. Stronger-than-expected retail sales and jobless data from Germany also helped to lift spirits.

Source : Investing.com


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