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Entrepreneur
Kurra Bewarse
Username: Entrepreneur

Post Number: 3924
Registered: 05-2011
Posted From: 94.140.11.45

Rating: N/A
Votes: 0

Posted on Friday, January 14, 2022 - 9:56 am:   

US futures attempting to stabilize

The global equity markets are mostly lower. S&P Futures are trading higher, however, about eight points better to trade around the 4655 area. The market saw modest weakness during the Asian session which took it down to 4638.00. Buyers stepped in shortly after and have managed to take the spoos back to current levels. The high print was set earlier in the European session at 4667.00.
In Asia, both China and Japan closed the day down in the neighborhood of 1%. The Shanghai struggled despite better than expected Export data out of China. The December Trade Balance revealed exports rose 20.9%, topping consensus of 20.0%. Imports slowed to 19.5%, missing the forecast of 26.3% and down from November's reading of 31.7%. In Japan, the Nikkei followed the trend the US displayed yesterday with its more than 1% decline on Friday. Fast Retailing stood out with a gain of over 8% after reporting better than expected holiday results.
In Europe, the major bourses are under pressure. Auto makers continue to show relative strength with the likes of Volkswagen, Renault and BMW up 1-2%. Luxury goods have fallen out of favor with names such as Kering, Hermes and L'Oreal down 2-4%.

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