U.S. stock futures down with China, QE3 in focus
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Posted On: 10/08/2012 6:37:34 AM
U.S. stock futures down with China, QE3 in focus
MADRID (MarketWatch)—U.S. stock market futures tracked global equities and commodities south on Monday after the World Bank cut its China growth view, while last week’s strong jobs data raised questions on Federal Reserve stimulus.
http://www.marketwatch.com/story/us-stock-fut...beforebell
Investors were awaiting a meeting of euro-zone finance ministers.
Futures for the Dow Jones Industrial Average (CBOT
JZ2) fell 43 points, or 0.3%, to 13,493, while those for the Standard & Poor’s 500 index (GLC:SPZ2) fell 5.1 points, or 0.4%, to 1,450.40.
Futures for the Nasdaq-100 index (CME:NDZ2) fell 12.75 points, or 0.5%, to 2,791.50.
“The week isn’t looking to get off to a pretty start on Wall Street as those upbeat nonfarm payroll figures already seem to have been forgotten and a lower growth forecast from the World Bank for China is now very much front of mind,” said Fawad Razaqzada, market strategist at GFT Markets, in a note.
MADRID (MarketWatch)—U.S. stock market futures tracked global equities and commodities south on Monday after the World Bank cut its China growth view, while last week’s strong jobs data raised questions on Federal Reserve stimulus.
http://www.marketwatch.com/story/us-stock-fut...beforebell
Investors were awaiting a meeting of euro-zone finance ministers.
Futures for the Dow Jones Industrial Average (CBOT
JZ2) fell 43 points, or 0.3%, to 13,493, while those for the Standard & Poor’s 500 index (GLC:SPZ2) fell 5.1 points, or 0.4%, to 1,450.40. Futures for the Nasdaq-100 index (CME:NDZ2) fell 12.75 points, or 0.5%, to 2,791.50.
“The week isn’t looking to get off to a pretty start on Wall Street as those upbeat nonfarm payroll figures already seem to have been forgotten and a lower growth forecast from the World Bank for China is now very much front of mind,” said Fawad Razaqzada, market strategist at GFT Markets, in a note.
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