Stock-Index Futures Signal Further Gains While Kiwi Slips By Emma O’Brien and Nick Gentle Aug 19, 2014 European and U.S. equity-index futures (SPA) rose with STOCKS in Asia (MXAP) as global geopolitical concerns eased amid a rally in technology shares. Australian bonds followed Treasuries lower as the New Zealand dollar weakened, while CRUDE OIL advanced. Futures on the Euro Stoxx 50 Index climbed 0.2 percent by 7:13 a.m. in London as the MSCI Asia Pacific Index added 0.6 percent. SoftBank Corp. led gains as Nasdaq 100 Index futures signaled U.S. technology STOCKS will extend their highest close since 2000. Ten-year Australian bonds fell and the kiwi lost 0.4 percent amid a drop in producer prices and a reduced economic-growth forecast. Oil in New York advanced, while wheat and corn retreated. The Red Cross is close to a safe-passage plan for a Russian aid convoy intended for Ukraine as truce talks stalled. Australia’s central bank reiterated that it sees a period of rates stability in minutes of its last meeting today, while the U.S. reports on inflation after data showed confidence among homebuilders has risen to a seven-month high. Central bankers meet in Jackson Hole, Wyoming, this week. “While the easing of geopolitical tensions overnight is encouraging, we have seen Russian tensions oscillate over the past few weeks, so TRADERS shouldn’t become too complacent,” Garry Dean, a sales trader in Auckland at CMC Markets, wrote in an e-mail to clients. The Fed minutes “are likely to show a continued dovish stance despite recent dissenting comments from some members.” The Asia-Pacific stock gauge climbed to its highest level this month as all 10 industry groups advanced. The gauge TRADES at 13.7 times estimated earnings compared with 15.1 times for the Stoxx Europe 600 Index and 16.5 times projected earnings for the S&P 500.
Posted on: Tue, 19 Aug 2014 06:57:33 +0000
Trending Topics
Recently Viewed Topics
© 2015