Traders Corner

on . Posted in News Flash

  • US stocks rose, sending the S&P500 to its biggest three-day rally since January, on better-than-estimated economic data and assurances on stimulus efforts from Fed officials.
  • Japanese stocks rose, as industrial production beat estimates and consumer prices halted a six-month slide. Shares also climbed as stronger U.S. data cheered investors and weakened the yen.
  • Hong Kong stocks rose, as US data boosted the outlook for the world’s largest economy and amid assurances the Fed won’t soon end stimulus efforts. Chinese property developers climbed.
  • Gold down $20 and the rand 5 cents stronger from the local close.
  • Major economic data:

-14:00: Trade balance - SA

-15:55: U. of Michigan confidence - US

  • Local market should open higher +0.2%,after world markets rose again.