Futures are pointing higher



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Equity futures are pointing towards greater openness, optimism about the Chinese economy's improvement, which has helped reduce fears of global growth.

<p class = "canvas-atom-canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "Future for the S & P 500 (ES = F) increased 0.57%, or 16 points, to 8:28 am ET. Dow futures (YM = F) increased by 0.64%, or 164 points, while the Nasdaq (NQ = F) increased by 0.67%, or by 47.25 points. "data-reactid =" 16 "> The S & P 500 futures (ES = F) rose by 0.57%, or 16 points, at 8:28 am Eastern Time. on the Dow (YM = F) rose 0.64%, or 164 points, while Nasdaq (NQ = F) futures rose 0.67%, or 47.25 points.

Growth in China, one of the world's largest economies, has been the focus of investor concern in recent months, as the trade war continued and its economy slowed. Signs on Friday suggest the situation is improving, easing fears following reports released in January, which signaled the slowest growth in gross domestic product in China for nearly three decades.

<p class = "canvas-atom web-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "Caixin Private Purchasing Managers Index / Markit Manufacturing & nbsp;recorded at 49.9 for February, better than the 48.3 of January published and the consensus estimates of 48.5. However, reading showed that manufacturing activity was still contracting less than 50 for the third consecutive month. "Data-reactid =" 18 "> The Index of Purchasing Managers in the private sector of Caixin / Markit Manufacturing stands at 49.9 for February, better than the 48.3 of January reading and consensus estimates of 48.5 However, the reading showed that manufacturing activity was still contracting less than 50 for the third month in a row.

<p class = "canvas-atom text-canvas Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "The global index provider & nbsp;MSCI said on Thursday& nbsp; this will increase the weight of Chinese stocks by an inclusion factor of 20%, compared with 5% previously. The reason behind the decision, which according to MSCI has "garnered overwhelming support from investors", indicated the improvement in market conditions and international openness in mainland China. "Data-reactid =" 19 "> The global index provider MSCI announced Thursday that it would boost the weight of Chinese stocks to an inclusion factor ranging from 5% to 20% previously. The reason behind the decision, which according to MSCI has "garnered overwhelming support from investors," highlighted the improvement of market conditions and the international opening in mainland China.

"The strong commitment of Chinese regulators to continue to improve market access, as evidenced in particular by the significant reduction in suspensions of transactions in recent months, is another decisive factor that has gained the support of international institutional investors, "said the Managing Director of MSCI. Rémy Briand said in a statement.

<p class = "web-atom canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "This is part of a continuous effort for United States and China must reach a trade agreement. US officials have generally given positive signals for the advancement of negotiations in recent days, with the director of the National Economic Council & nbsp;Larry Kudlow and Secretary of the Treasury & nbsp;Steven Mnuchin& nbsp; extolling the progress of the discussions earlier this week. US Trade Representative Robert Lighthizer said in a testimony to & nbsp;Congress Wednesday& nbsp; that in an attempt to solve the structural problems in China, negotiations must be initiated even after the signing of an agreement. "data-reactid =" 21 "> It is a continuous effort by the United States and China to reach an agreement on trade The Director of the National Economic Council, Larry Kudlow, and Treasure Secretary Steven Mnuchin praised the progress of negotiations earlier this week, US Trade Representative Robert Lighthizer said in a Congressional testimony Wednesday that his work was fruitful. China, ongoing negotiations would be necessary even after the signing of an agreement.

US stocks fell in 2019 due to optimistic trade and weakened concerns about tighter monetary policy by the Federal Reserve. The S & P 500 is up 11% for year-to-date and has closed down to just 13 sessions in 2019.

STOCKS

<p class = "canvas-atom canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "You're here (TSLA) shares decreased after the company announced on Thursday& nbsp; it will close many of its stores – "a small number of stores in busy locations, galleries, showcases and Tesla information centers" – and move online sales to remain profitable while deploying A long model 3 promised standard of 35,000 USD, Elon Musk, also said at a press conference Thursday that he was not expecting Tesla to be profitable in the first quarter of the year. 2019. "data-reactid =" 24 ">You're here (TSLA) shares decreased after the company announced on Thursday that it will close a lot of its stores – "with a small number of stores located in crowded places, as galleries, showcases and Tesla information centers" – and will move sales online so to remain profitable while deploying a long-standing promise The standard model of 35,000 USD, Elon Musk, also said at a press conference Thursday that he was not expecting that Tesla is profitable in the first quarter of 2019.

<p class = "canvas-atom canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "Gap (GAP) said Thursday that it would be split in two publicly negotiated other companies in 2020, including Old Navy and another company still unnamed. "After a thorough review of Gap Inc.'s board of directors, it is clear that Old Navy's business model and its customers are increasingly divergent from our specialty brands. Every company now needs a different strategy to thrive, "said Robert, chairman of Gap's board of directors. Fisher said in a statement. Old Navy currently operates over 1,100 stores on its largest market in North America and Asia and achieved a business turnover of $ 7.8 billion last year. against $ 7.3 billion in 2017. "data-reactid =" 25 ">Gap (GAP) said Thursday that it would be split in two publicly negotiated other companies in 2020, including Old Navy and another company still unnamed. "After a thorough review of Gap Inc.'s board of directors, it is clear that Old Navy's business model and its customers are increasingly divergent from our specialty brands. Every company now needs a different strategy to thrive, "said Robert, chairman of Gap's board of directors. Fisher said in a statement. Old Navy currently operates over 1,100 stores on its largest market in North America and Asia and achieved a business turnover of $ 7.8 billion last year. against $ 7.3 billion in 2017.

<p class = "canvas-atom canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "Dell (DELL) surpassed Wall Street's sales forecast in its first quarterly report following his return to public markets in December. Revenues for the fourth quarter of the year were $ 24 billion excluding GAAP, exceeding estimates of $ 23.83 billion. According to Bloomberg, the company's revenue guidance for the full year 2020 is between $ 92.7 and $ 95.7 billion, which is roughly in line with consensus estimates, according to Bloomberg, although its earnings guidance per share adjusted between $ 6.05 and $ 6.70 is lower than estimated. 6.74 cents. "Data-reactid =" 26 ">Dell (DELL) surpassed Wall Street's sales forecast in its first quarterly report following his return to public markets in December. Revenues for the fourth quarter of the year were $ 24 billion excluding GAAP, exceeding estimates of $ 23.83 billion. According to Bloomberg, the company's revenue guidance for the full year 2020 is between $ 92.7 and $ 95.7 billion, which is roughly in line with consensus estimates, according to Bloomberg, although its earnings guidance per share adjusted between $ 6.05 and $ 6.70 is lower than estimated. 6.74 cents.

ECONOMY

<p class = "canvas-atom canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "Personal income declined unexpectedly in January after increasing more than expected in December, the Bureau of Economic Analysis & nbsp;reported on Friday.& nbsp; December personal income, made public with a delay due to the partial closure of the government, rose 1% in December, against an expected rise of 0.4%, according to economists surveyed by Bloomberg. The BEA said in a statement that the increase in personal income in December "mainly reflected the increase in personal dividend income, employee compensation and income of farm owners". However, in January nominal income fell slightly by 0.1% to below 0.3%. analysts had anticipated. "data-reactid =" 28 ">Personal income declined unexpectedly in January after increasing more than expected in December, reported Friday the Bureau of Economic Analysis. According to economists surveyed by Bloomberg, personal income in December, delayed due to the partial closure of the government, had risen 1% in December, while it was expected to be 0.4%. The BEA said in a statement that the increase in personal income in December "mainly reflected the increase in personal dividend income, employee compensation and income of farm owners". However, in January nominal income fell slightly by 0.1% to below 0.3%. analysts had planned.

<p class = "canvas-atom canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "Personal expenses decreased more than expected in December, with nominal consumption down 0.5% against an expected decline of 0.3%, according to consensus economists. The decrease in spending was accompanied by very weak retail sales data in December, with & nbsp;retail expenditure the lowest since September 2009 for the last month of 2018. "data-reactid =" 33 ">Personal expenses decreased more than expected in December, with nominal consumption down 0.5% against an expected decline of 0.3%, according to consensus economists. The drop in spending went hand-in-hand with December's very weak retail data, with retail spending recording the largest decline since September 2009 for the last month of 2018.

<p class = "canvas-atom canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "Basic price of personal consumption expenditure, which Excluding volatile, food and energy prices rose 0.2% in December, in line with consensus expectations and revised upward figures from the previous month. The variation from one year to the other of the basic PCE is 1.9%, which also corresponds to the consensus expectations. "Data-reactid =" 34 ">Basic price of personal consumption expenditure, which Excluding volatile, food and energy prices rose 0.2% in December, in line with consensus expectations and revised upward figures from the previous month. The variation from one year to the other of the basic PCE is 1.9%, which also corresponds to the consensus expectations.

<p class = "canvas-atom canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "Emily McCormick is a journalist for Yahoo Finance. Follow her on Twitter: @emily_mcck"data-reactid =" 36 ">Emily McCormick is a journalist for Yahoo Finance. Follow her on Twitter: @emily_mcck

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