por admin » Lun Abr 01, 2019 6:21 am
Dow on track to kick off quarter more than 150 points higher on strong China data, trade progress
PUBLISHED 4 HOURS AGO UPDATED 3 MINS AGO
Fred Imbert
@foimbert
Ryan Browne
@Ryan_Browne_
CNBC.COM
A private survey showed China's manufacturing activity expanded unexpectedly in March.
The U.S. and China are set to resume trade talks in Washington this week.
Stocks could start April in the green
U.S. stock futures rallied early on Monday as strong manufacturing data out of China eased worries of a possible global economic slowdown.
At around 7:10 a.m. ET, Dow Jones Industrial Average futures pointed to a gain of 172 points, while the S&P 500 and Nasdaq 100 indexes were also in positive territory.
A private survey showed the country's manufacturing activity expanded unexpectedly in March, at its fastest pace in eight months. The figures gave some much-needed relief to investors unnerved of late by fears of a global economic downturn. Early last week, equities came under pressure as bond markets indicated an impending U.S. recession.
The yield on the 10-year Treasury note recently dipped below that of the 3-month bill, in what's known as a yield curve inversion. A yield curve inversion is seen as a trusted predictor of a recession.
Monday's gains came after the S&P 500 notched last week its best start to a year since 1998 and its strongest quarterly performance since 2009. The broad index gained 13.1 percent in the first quarter, led by the technology sector.
In other news boosting markets, the U.S. and China recently concluded their latest round of trade talks. U.S. officials last week said China had made proposals on a number of issues — including forced technology transfers — that go further than previous commitments.
The two superpowers are set to resume talks in Washington this week. Both countries have targeted billions of dollars' worth of each other's goods with tariffs in their protracted trade dispute.
Monday is a busy day on the data front, with U.S. retail sales, manufacturing numbers, construction spending and business inventories due to be released.