Traders Corner

on . Posted in Investment general

  • US stocks gained as a recovery in technology shares helped the Nasdaq 100 Index rebound from its worst three-day drop since 2011.

  • Oil, gold and Treasuries rose while the Bloomberg Dollar Spot Index slid to a five-month low.

  • Asian stocks outside Japan rose, with a gauge of regional shares heading for the highest close in five months, as consumer companies advanced.

  • Japanese equities fell after the yen rose the most since August.

  • Major economic data today;

    • 13:00 MBA mortgage applications - US

    • 16:00 Wholesale inventories - US

  • The local market should open higher, in line with US and UK futures.