Traders Corner

on . Posted in News Flash

  • US and Japanese stocks rose, as China’s cash crunch eased and slower-than-forecast economic growth fuelled speculation the Fed will maintain stimulus.
  • Hong Kong stocks rose amid speculation that the recent drop in the city’s shares has been overdone.
  • China’s stocks rose as interbank lending rates fell for a fifth day, easing concerns over a cash squeeze that dragged the benchmark index to a four-year low.
  • Gold up $4 and the rand 2 cents stronger from the local close.
  • Major economic data:

-          09:55: Unemployment change - Germany

-          10:30: GDP - UK

-          11:00: Consumer confidence - Euro

-          11:30: PPI - SA

-          14:30: Personal spending/income - US

-          14:30: Initial jobless claims - US

  • Local market should open up +0.5%,after world markets from US to Asia rose.