This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Stock Futures Cautious Amid Higher Chinese Exports

NEW YORK ( TheStreet) -- Stock futures were pointing to little change for markets amid strong Chinese export data and a potential cut in the Federal Reserve's massive bond-buying program next week. 

Futures for the Dow Jones Industrial Average were off 3.00 to 16010.0 while S&P 500 futures were 0.75% higher at 1805.75. Nasdaq futures were up 4.80 to 3508.8.
Global markets were mostly higher Monday after Chinese export data beat expectations, pointing to strengthening demand from the world economy. Chinese exports were 12.7% higher in November against a 5.6% gain in October while inflation was below forecasts at 3%. The world's second-largest economy posted its biggest trade surplus in almost five years of $33.8 billion for November from $31.1 billion a month earlier.
U.S. budget talks were reportedly close to breaking an impasse on fiscal negotiations, with aides for both parties saying they were hopeful of an agreement to address between $100 billion to $200 billion in automatic spending cuts.
Japan's current account unexpectedly fell into deficit in October while growth slowed more than expected in the third quarter. Gross domestic product rose by an annualized 1.1% from the prior quarter, the Cabinet Office said. 
Separately, ministers from the World Trade Organization reached agreement on the weekend to reduce the cost of trade by up to 15% through simplifying customs procedures - a move that could add up to $1 trillion to the world economy.
Major U.S. markets closed higher Friday, breaking a five-day losing streak as strong employment data fueled hope that market gains will continue despite the higher prospect that stimulus will be wound back soon. 
Stocks expected to see price action today include McDonald's (MCD) and Vail Resorts (MTN). McDonald's is expected to release its November sales results while Vail is forecast to post a fiscal first-quarter loss of $1.91 a share on revenue of $121.2 million. Other companies due to post quarterly earnings include PVH Corp.  (PVH), Casey's General Stores (CASY), ABM Industries (ABM) and Analogic  (ALOG)
There is no significant economic data due Monday. Various Federal Reserve bank presidents will speak on the economy, including Richmond's Jeffrey Lacker, St Louis's James Bullard and Dallas's Richard Fisher. Monthly retail sales and weekly jobless claims are due Thursday with the producer price index out Friday. The Fed meets next week to consider whether the economy is sufficiently strong for it to begin winding back $85 billion a month in bond purchases. 
Germany's DAX was 0.10% higher while the FTSE was off 0.20%. The Hang Seng finished 0.29% higher while the Nikkei rallied 2.29%. 

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
AAPL $95.03 -2.90%
FB $116.73 7.20%
GOOG $691.02 -2.10%
TSLA $247.54 -1.60%
YHOO $36.59 -0.97%


Chart of I:DJI
DOW 17,830.76 -210.79 -1.17%
S&P 500 2,075.81 -19.34 -0.92%
NASDAQ 4,805.2910 -57.85 -1.19%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs