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American stock index futures expected a much higher opening on Friday before the unofficial start of the corporate earnings season, which will be led by the country's largest banks. Investors have also digested Chevron Corp.The $ 33 billion acquisition of Anadarko Petroleum, which could color the market feeling.
How are the equity benchmarks doing?
Futures for the Dow Jones Industrial Average
YMM9, + 0.86%
were up 194 points, or 0.7%, to 26,328 from those in the S & P 500 index
ESM9, + 0.62%
gained 14.95, or 0.5%, at 2,906.75, while Nasdaq-100 futures contracts
NQM9, + 0.52%
increased 36 points to 7,654, a gain of 0.5%.
For the week, the Dow is expected to decline by 1.1%, the S & P 500 should show a weekly decline of 0.2%, while the Nasdaq recorded a weekly gain of 0.1% at the end of Thursday.
Thursday, the Dow
DJIA, -0.05%
down 14.11 points to 26,143.05, the S & P 500 index
SPX, + 0.00%
slightly up 0.11 point to 2,888.32 points, and Nasdaq Composite Index
COMP -0.21%
lost 16.88 points, or 0.2%, to 7,947.36.
What motivates the market?
Markets are up, with China's trade data showing exports up 14.2 percent from March of the previous year, against a forecast of an increase of 8.7 percent and after a sharp decline in February.
In addition, the issuance of new bank loans in China reached 1.7 trillion yuan.
USDCNY, -0.1652%
According to Econoday, economists have exceeded the consensus expectations of 1.3 trillion yuan expected by economists, suggesting that the Chinese government's efforts to boost credit growth are paying off. That said, imports declined, reflecting weak domestic demand.
Quarterly results of JPMorgan Chase & Co.
JPM, + 0.84%
which launched Friday first-quarter profits earlier than expected, were better than expected.
Earnings for Wells Fargo & Co.
WFC -0.10%
also ready to be released before the bell, will likely provide clues to the health of the US economy and the banking sector.
At the same time, Chevron announced its intention to acquire Anadarko Petroleum Corp. under a $ 33 billion share purchase agreement, or $ 65 per share.
What stocks are under discussion?
Dow Shares Chevron Component
CLC + 0.40%
3.2% pre-market, while those of Anadarko increased by 30% compared to the tender offer.
Walt Disney CoActions of.
DIS -0.48%
were the focus of concern after the entertainment giant announced that it would launch Disney + a video streaming company starting Nov. 12 priced at $ 6.99 a month or $ 69 a year. Shares gained about 3%.
Shares of the streaming video giant Netflix Inc.
NFLX, + 1.02%
1.4% drop before the bell, probably in response to Disney's announcement.
JPMorgan shares jumped after reporting higher earnings and earnings than consensus estimates from Wall Street analysts. Shares rose 2.4%.
Wells Fargo shares rose 1.6% in pre-market shares, ahead of the first quarter results released on Friday morning.
PNC Financial Services Group Inc..
PNC + 1.12%
up 0.6% before the bell Friday, after the large regional bank said it had reached its profit targets and slightly exceeded the revenue forecast for the first quarter.
What economic data are coming?
At 8:30 am, the Commerce Department will release its estimates of growth in new housing construction and building permits in March.
What do the strategists say?
"The rise in exports is more encouraging, suggesting that demand for Chinese products remains strong," said Michael Hewson, chief market analyst at CMC, in a note to customers. He added, however, that weak import data show that the national economy is still in trouble.
"Chinese data seems to be the main driver of gains on Friday. Although we should not be fooled by the numbers – the February data reminds us how volatile they can be at this time of year – they are encouraging, "said Craig Erlam, Senior Market Analyst at Oanda.
Strong external demand combined with domestic stimulus would help support the world's second largest economy to some extent, which will help everyone, "he said.
How were the other assets traded?
Hong Kong Hang Seng Index
HSI, + 0.24%
increased by 0.2%, while the Shanghai Composite Index
SHCOMP, -0.04%
ended with a slight loss of less than 0.1%. Nikkei 225 from Japan
NIK + 0.73%
increased by 0.7%. European equities, on the other hand, displayed muted movements, with the Stoxx Europe 600
SXXP, + 0.14%
about 0.1%.
In commodity markets, the price of oil
CLK9, + 1.40%
increased after falling on Thursday after a monthly report by the International Energy Agency, while
GCM9, + 0.16%
who settled below $ 1,300, rebounded somewhat. The US dollar
DXY, -0.37%
was down 0.4%.
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