Stocks rise on economic optimism
NEW YORK – Future actions increased Monday as traders have been promising, a report on manufacturing activity at the United States would mirror similar data from China showed the broader sector it last month.
Term also grew in advance of the midterm elections and the Fed meets this week where the Central Bank is expected to announce a new economic stimulus program.
Economists polled by Thomson Reuters expect manufacturing supply management index slid to 54 in October of 54.4 Institute a month more t?t.Même with slight slowdown, any reading above 50 indicates the sector is expanding.Production showed more growth for the year as a recovery remains slow.
A strong report on manufacturing of China sent shares in significantly higher country of lundi.Croissance accelerated in China as infrastructure costs has led to an increase in orders new equipment.
Ahead of the average opening bell industrial Dow Jones futures increased 49 or 0.4%, 11.115. Standard & Poor 500 index future increased 6.50, or 0.6%, 1,186.20, while the Nasdaq 100 index future increased 8.00 or 0.4%, 2,130.00.
Hong Kong Hang Seng index increased by 2.4%, while the Shanghai composite index rose by 2.5 percent.
Any movement linked to manufacturing on Monday report could be fleeting although traders quickly turn their attention to the Tuesday mid-term elections and meets the US Federal Reserve, which wraps until Wednesday.
Traders have been betting that Republicans will take control of the House of representatives.That could slow program President Barack Obama, which many analysts have said is not conducive to business.
Investors were also assuming that the Fed will launch a new program for the purchase of the Treasury Board to help stimulate the economy.Stocks rose to great October because investors expect the Fed announce as early as Wednesday plans to buy government debt at lower interest rates drive in order to stimulate spending and lending.
Only in the last few days has been less off the coast in the middle of the questions about the US Federal Reserve market rally pass exactly how to buy bonds .the ' index Dow Jones rose by 3.1% in October, including a decrease of 0.1% last week.
Interest rates more low weaken returns on debt, which would make stocks and commodity investments more attractive because their return potential would be significantly higher.
The prices negotiated in a narrow range of lundi.Le note reference yield 10-year Treasury bond, which moves opposite its price remained unchanged at 2.60% compared to end Friday.
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