Economic news

U.S. futures rise on stimulus expectations, Nvidia soars

U.S. stock index futures added 1 percent on Friday, just after there appeared information about more stimulus from central banks, thus helping to calm the worried markets.

Celestial Empire announced its willingness to roll out economy stimulus moves to sidestep an economic slowdown. Investors continue to await Fed and ECB interest rate cuts next month for combating economic growth slowdown.

The three main U.S. indexes were on track for their 3 week of decrease, after the inversion data in U.S. appeared on Wednesday, hinting on a looming recession. 

The tech stocks showed strong results on the eve, including Nvidia, AMD and Intel.

nvidia inverts futures risePhoto: Pexels

Nvidia Corp shares went up by 7.82 percent at 13.43 after better-than-expected quarterly earnings report on the eve. Its rivals showed mixed results, where AMD’s shares lost 1.88 percent, while Intel securities remained upwards with a 0.72 percent rise.

Dow e-minis futures were up 0.60 percent,  S&P 500 e-minis grew by 0.66 percent and Nasdaq 100 e-minis added 0.84 percent at 13.17 GMT.  1.29%.

Strong U.S. retail sales data, released on Thursday, overshadowed ongoing trade war. 

FAANG group, which embraces such companies as Facebook, Amazon.com, Apple, Netflix and Alphabet  increased by an average 1.2 percent and 1.6 percent.


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