Futures on US stock indices are rising on mixed statistics from China

Futures on US stock indices are rising on mixed statistics from China


Futures on the index of wide market S&P 500 rose 0.34%, futures on the DJIA index rose 0.37%, and the index futures NASDAQ high-tech companies grew by 0.36%.

MOSCOW, 11 Nov. Futures on U.S. stock indices rising on Wednesday amid mixed statistics from China, according to AFP.

As at 16.46 GMT, futures on the index of wide market S&P 500 rose by 0.34% to 2085 points, futures on the DJIA index showed growth by 0.37%, to 17782 points, the index futures NASDAQ high-tech companies grew by 0.36%, to 4659,75 item.

National Bureau of statistics of China reported on Wednesday that retail sales in the country in October in annual terms grew by 11%, which was above analysts ‘ forecasts by 0.1 percentage points to September’s figure is 10.9%. The annual growth of industrial production of China in October fell 5.6%, worse than September’s figure of 5.7%.

Mixed statistics from China confirmed the weakness in the second largest economy in the world. This suggests that the PRC authorities may need to apply additional measures to stimulate the growth of the economy in the near future, despite the likely fed rate increase in December.

The attention of investors attracted to corporate news. In particular, the net profit of the company Macy’s Inc. in the third quarter of 2015 amounted to $ 118 million, decreasing yoy by 46%. Diluted earnings per share in the reporting period amounted to 0,36 dollar against 0.61 per dollar a year earlier. The experts expected the indicator at the level of 0.54 dollar per share. Macy’s sales in the third quarter decreased by 5% to 5,87 billion dollars against the expected 6,09 billion.