Futures edge up on hope for Chinese stimulus

lundi 24 mars 2014

Traders work on the floor of the New York Stock Exchange U.S. stock index futures edged higher on Monday as a weak reading on Chinese manufacturing raised hopes that the Chinese government would issue new stimulus to combat slowing momentum, though ongoing tensions in Ukraine weighed on sentiment. * Recent momentum on Wall Street has been to the upside, with the S&P 500 (.SPX) hitting an intraday record on Friday, though it subsequently ended the day lower. * Concerns about the region continued on Monday as Russian troops seized a Ukrainian marine base in Crimea, the latest in a confrontation that has prompted the United States and European Union to respond with personal sanctions against some of Russian President Vladimir Putin's political and business allies. * China's manufacturing engine contracted in the first quarter of 2014, according to the flash Markit/HSBC Purchasing Managers' Index.








via Business News - Yahoo Finance http://ift.tt/1rn9a7s

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