The bond market has weakened after strong US jobs data convinced economists American interest rates will rise mid-year. Local futures prices weakened in line with US Treasuries after Labor Department data showed that 295,000 jobs were created in February, which was better than market expectations of 235,000 positions. This saw a sell-off in 10-year Australian Read More
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The U.S. market was also under pressure from a spread play versus Brent as players bet on it to decline further before inventory data issued by the government-run Energy Information Administration on Wednesday. Industry group American Petroleum Institute will run its own stockpile data at 4:30 p.m. EDT (2130 GMT) on Tuesday, ahead of Read More
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On February 9, Singapore Exchange (SGX) launched a new contract – MSCI Malaysia Index Futures and registered first day turnover of US$ 8 million. Trading activity was vibrant and came from diversified international participants such as Credit Suisse and Macquarie. Southeast Asia is one of the most rapidly-growing economic regions in the world. The growth Read More
NEW YORK: A robust US jobs report on Friday (Mar 6) sent the dollar soaring, driving a sell-off in the oil market that left the Dow Futures benchmark back below US$ 50 a barrel. West Texas Intermediate for delivery in April slid US$ 1.15 to US$ 49.61 on the New York Mercantile Exchange, ending near Read More
* Feb payrolls top expectations * International trade deficit narrows * Foot Locker climbs in premarket after results * Bank of America climbs after Fed stress tests * Futures off: Dow 45 pts, S&P 5.5 pts, Nasdaq 2 pts (Adds data, quote) By Chuck Mikolajczak NEW YORK, March 6 (Reuters) – U.S. stocks were poised Read More
LONDON (ShareCast) – Dow Futures fell after the release of the February non-farm payrolls report which smashed estimates on the headline front. Traders cite the strong release pushes rate hike expectations forward as the driver behind the decline in Dow Futures. After the release of the payrolls data, the S&P500 front month futures contract slid Read More
* Initial jobless claims climb more than expected * Factory orders data due * AbbVie to buy Pharmacyclics for about $ 21 bln * Costco climbs in premarket after results * Futures up: Dow 39 pts, S&P 4 pts, Nasdaq 9.75 pts (Adds claims data, ECB decision) By Chuck Mikolajczak NEW YORK, March 5 (Reuters) Read More
* Initial jobless claims, factory orders data due * AbbVie to buy Pharmacyclics for about $ 21 bln * Costco climbs in premarket after results * Futures up: Dow 30 pts, S&P 3.5 pts, Nasdaq 7.75 pts By Chuck Mikolajczak NEW YORK, March 5 (Reuters) – Dow Futures edged up on Thursday, after two days Read More