Investing.com – US stock markets are about to open higher on Friday, breaking with the longest run of losses since the beginning of the year, thanks to signs that the Chinese and Chinese economies are European Union are weakening.
The blue-chip gained 174 points, or 0.67%, to 26,086.5 points at 6:50 am (11:50 GMT), up 17 points, or 0.62%, to 2,801.88 points, while the technology sector advanced 54 points. or 0.75% to 7,156.12 points.
Surveys of Chinese and European companies showed that the economic situation in the country was not as bad as first reading had suggested last week, even though the IHS Markit index of directors purchase, respectively, for China and the euro area was less than 50. level that separates growth from contraction. Stronger than expected and the German data also helped to revive the spirits.
In corporate news, investors are likely to focus on Tesla (NASDAQ :), which lost 4.4% of its pre-market trading on Friday after announcing the closure of most of its stores and adoption from an online sales model, aimed at eliminating enough costs to let him meet Elon Musk's goal of selling his consumer model 3 for only $ 35,000.
AT & T (NYSE 🙂 will also attract attention following the resignation of two of its long-time leaders. According to the Wall Street Journal, Richard Plepler, President and CEO of HBO, sent a memo announcing his resignation, while David Levy, President of Turner – the parent company of cable channels CNN, TNT, TBS and Cartoon Network – resign on Friday.
On the economic front, the month of February will be in the spotlight at 10:00 am (ET) on Friday, obscuring the late publication of and, which includes the measure of inflation favored by the Federal Reserve (PCE), or the final revision. from the University of Michigan for February.
Somewhere else, . Germany, up 1%, was the strongest, with manufacturing activity, unemployment and retail sales exceeding all expectations.
Earlier, the data eased economic fears. China, the MSCI index maker, has announced that it will increase the weight of mainland China's shares in its global benchmarks.
Excluding stocks, the, which measures the greenback versus six rival currencies, edged up 0.08% to 96.12 at 6:52 (ET) (11:52 GMT), while rising 1.9 basis points was 2.73%.
In commodities, fell 0.42% to $ 1,310.55 troy ounce, while trade rose 0.33% to $ 57.41 a barrel.