Ahead of the Bell: Dow futures are trading up 64 points and S&P futures are trading up 8 points. Global stock markets are up today after China reported better than expected economic growth, which comes as a surprise to investors who had feared a much weaker outcome. The world's second largest economy reported a 7.4% increase in the first quarter, versus expectations of 7.0%. China's retail sales data came in better than forecasted but industrial output was a shade lower than expectations. Bullish sentiment also spread across the globe following a late rally in US markets in the previous trading sessions, however gains could be capped as Ukraine appears to be on the brink of civil war.
Benchmark US stock indices finished on the plus side in volatile Tuesday trading. The Dow Jones Industrial Average, which had been down as much as 100 points at midday, closed 89 points higher as investors focused on a disappointing Empire Manufacturing reading, heightened concerns over the situation in Ukraine, and some upbeat earnings including Coca-Cola (KO) and Johnson & Johnson (JNJ). Defensive sectors Utilities and Energy led the afternoon rally while Telecomm and Discretionary lagged. Gold is sharply lower while the dollar edges higher.
Volatility in US and European markets were driven by new headlines surrounding Ukraine. The crisis had largely been on the backburner as a directional driver, but is getting more attention today after Kiev began a military operation to take back control of cities in eastern Ukraine seized by pro-Russian militants. The Operation appeared to get off to a...
Executives and guests of Germany’s voxeljet, a leading provider of high-speed, large-format 3D printers and on-demand parts services to industrial and commercial customers, will visit the New York Stock Exchange (NYSE). voxeljet began trading on the NYSE on October 18, 2013 after the company’s completion of its initial public offering.
To mark this milestone, Dr. Ingo Ederer, CEO, and Rudi Franz, CFO, will ring the NYSE Opening Bell joined by members of the company’s management team.
About voxeljet (NYSE: VJET)
voxeljet is a leading provider of high-speed, large-format 3D printers and on-...
From The Trading Floor: Equities are rebounding from their worst week since 2012 as earnings from Dow bellwethers Coca-Cola and Johnson & Johnson offset a decline in New York area manufacturing
April New York Fed Empire report falls to 1.29, well below the estimate of 8.00
The cost of living in the US. rose by 0.2%, more than projected in March, as food and rents became more expensive helping ease the Fed’s concerns that inflation is too low.
US. total cross border investment inflows at $167.7 billion in February
The International Council of Shopping Centers and Goldman Sachs Retail Chain Store Sales Index fell 0.3% in the week ended Saturday from the previous week on a seasonally adjusted, comparable-store basis
The NAHB Housing Market Index for April came in at 47, the same as the previous period