Quantcast

US Futures Upbeat on Renewed Trade Hopes, Brexit Delay


Shutterstock photo

US stock futures rose Friday as markets cheered on positive signals that trade talks between the US and China are progressing, while UK lawmakers agreed to delay their country's exit from the European Union.

Oil prices slipped with global benchmark Brent crude down 0.49%, and US West Texas Intermediate crude was down 0.5% recently ahead of a weekly reading on the number of operating oil and gas rigs in North America.

At 8:30 am, data are expected to show the Empire State manufacturing index coming in at 10.0 for March versus 8.8 in February, according to data compiled by Econoday.

At 9:15 am, forecasters see February industrial production coming in at a 0.4% gain following a 0.6% decline in the previous month, while manufacturing production is seen posting a 0.4% rise for the month versus a 0.9% contraction in the previous month.

At 10 am, forecasters see a further bounce for consumer sentiment calling for a preliminary March reading of 95.2 versus February's 93.8.

In equities, shares of Arcadia ( RKDA ) were 26.3% higher pre-bell after the company secured US Food and Drug Administration approval for use of Sonova GLA safflower oil in cat food.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Copyright (C) 2016 MTNewswires.com. All rights reserved. Unauthorized reproduction is strictly prohibited.





This article appears in: Investing , Stocks
Referenced Symbols: RKDA




More from MT Newswires

Subscribe






MT Newswires
Contributor:

MT Newswires

Market News, Commodities










Research Brokers before you trade

Want to trade FX?