· Dow futures rise about 200 points as investors watch stimulus negotiations
U.S. stock futures rose in early morning trading, as investors braced for the start of the fourth quarter with hopes of fiscal stimulus.
Dow futures rose 198 points. S&P 500 futures and Nasdaq 100 futures also both traded in positive territory.
White House chief of staff Mark Meadows told reporters that U.S. President Donald Trump has extended an offer for more than $1.5 trillion in stimulus. No further details were given on the exact figure except that anything around $2 trillion and above would be a “real problem.”
· Global shares extend gains on U.S. stimulus, upbeat data
Global shares tried to extend gains on Thursday on renewed hopes for fresh U.S. stimulus measures, but mounting uncertainty ahead of America’s presidential election and technical problems in Japan kept gains in check.
MSCI's broadest index of Asia-Pacific shares outside Japan .MIAPJ0000PUS was up 0.3%, with Australian shares .AXJO rising 1.4%.
Also helping to boost risk appetite, U.S. House of Representative Speaker Nancy Pelosi and Treasury Secretary Steven Mnuchin both expressed hope for a breakthrough in partisan stimulus negotiations.
But many market participants remained cautious after Tuesday’s chaotic presidential debate, which heightened fears that a disputed ballot on Nov. 3 could lead to a long and messy transfer of power.
President Donald Trump and Democratic challenger Joe Biden talked over each other and traded insults as they sparred over the COVID-19 pandemic, healthcare and the economy.
· Japan stocks trade halted due to technical glitch; Nikkei futures rise
Japanese shares remained suspended at midday break on Thursday after the Tokyo Stock Exchange (TSE) earlier halted trading in all stocks citing technical problems.
TSE said it does not know when the issue will be resolved. Bourses in Nagoya, Fukuoka and Sapporo, which use the TSE's system, also suspended trading. The derivative-focused Osaka Exchange is not affected.
A statement from the TSE gave no further details.
Nikkei futures , which trade in Osaka, were last up 0.56%, in line with a rise in U.S. stocks overnight.
The Nikkei <.N225> fell 1.5% on Wednesday, its biggest decline in two months, as an acrimonious debate between U.S. President Donald Trump and Democratic challenger Joe Biden increased concerns about an indecisive outcome from the presidential election in November.
· European stocks climb, tracking gains on Wall Street; Bayer down 11%
European stocks advanced Thursday morning, tracking gains on Wall Street in the previous session.
The pan-European Stoxx 600 climbed 0.6% in early trade, retail stocks adding 1.6% to lead gains as all sectors and major bourses entered positive territory.
At the bottom of the European blue-chip index, Bayer shares plunged more than 11% after the German pharmaceutical giant announced further cost cuts and impairment charges, revising down its guidance.
Reference: Reuters, CNBC
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