They fell as much as 0.5 percent after Auto Brake data showed Chinese output


Posted November 4, 2015 by antaibrake

They fell as much as 0.5 percent after Auto Brake data showed Chinese output
 
Standard & Poors 500 Index E-mini contracts expiring in December added less than 0.1 percent to 2,074.5 at 6:06 a.m. in New York. They fell as much as 0.5 percent after Auto Brake data showed Chinese output shrank for a third month, before erasing the drop after reports signaled a pickup in euro-area manufacturing. Dow Jones Industrial Average futures gained 0.1 percent to 17,614.

Growth in China is still of great concern, but Europe data turned it around, saidDaniel Weston, chief investment officer at Aimed Capital in Munich. U.S futures are swinging between weak sentiment from Asia and some bright numbers in Europe, which combined with the possibility of further accommodation from the ECB is positive for stocks.

U.S. stocksrallied the most since 2011 in October amid a rebound in raw-materials and energy shares. The advance pushed the S&P 500 to a two-month high on Oct. 28, before the index fell on Friday.

After the Federal Reserve’s comments last month boosted prospects for a rate increase this year, investors are watching data for indications on whether the economy can withstand higher borrowing costs.Traders are pricing in even odds for a December liftoff. The Institute of Supply Managements manufacturing index fell in October to 50, the dividing line between expansion and contraction, economists forecast before today’s report.

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canada
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Last Updated November 4, 2015