US Futures Edge Higher as China Data Suggests Stabilization

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US futures regained some ground Thursday after investor concerns that the U.S. Federal Reserve would start slowing down its asset purchase program had depressed stocks for three straight days. Futures were buffeted by better-than-expected export and import data from China, signalling a stabilization of the world's second largest economy, having helped European indexes to rise. Among the biggest pre-market gainers were Groupon ( GRPN ), adding 25% on the back of results and a $300 million share buyback program and Tesla ( TSLA ), rising 15% after having reported Q2 results that beat expectations.

Meanwhile, the dollar was at its lowest since June, still weighed down by uncertainty about when the Fed will roll back its quantitative easing program. US initial jobless-benefit claims were 333,000 compared to 336,000 and the prior-week was revised upward to 328,000 from 326,000. Economists had predicted jobless claims would rise to 335,000.



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This article appears in: Investing , Commodities

Referenced Stocks: GRPN , TSLA

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