Dec.1: The stock market is poised for another day of gains. Fueled by the Central Bank and an Asia-Pacific rally, futures and shares of stock in the Dow Jones Index and S&P point towards a positive opening.
The Stock Market Today: Will Stock Shares and Futures Repeat Gains?
For starters, Asian markets reaped the benefits of a unilateral approach to global fiscal policy with a rally of its own. Earlier on Wednesday when US stock markets surged on the news from the Federal Reserves' Central Banks, it was a matter of time before the Asia-Pacific followed the same trend.
Global pressure is being put on Europe as it tries to ward off a financial meltdown with its falling euro.
The good news with market stock has much to do with the European Union taking more of a proactive and aggressive role in oversight with individual euro zone regions. By doing so, policies that adhere to strict guidelines will be put in place, according to CNN Money.
Hong Kong's Hang Sang Index (ticker symbol: HSI) led the way with a robust surge of nearly 6%, as the Asia-Pacific markets fed off the Dow Jones Index, NYSE, and S&P gains in the US, citing a Bloomberg News report.
It was followed by China's Shanghai SE Composite Index (ticker symbol: SHCOMP) with gains of 3.4%, while the Nikkei 225 Stock Average (ticker symbol: N225) enjoyed gains of 2.4%. And just when world leaders began eyeing China for not doing its share in shoring up economic pitfalls, the country revisits its own fiscal policies for future growth.
Average Share Price at the Stock Exchange Rises Along with the Dow Jones?
Stock futures are a tricky thing when securities are being traded in the open market. The Dow Jones Industrial Averages have been treading a thin line with domestic and international stock market influences.
But as economies of the world become global by seeking partnerships and strategic alliances, more pressure is put on the Fed and central banks to throw in lifelines. As such, the stock market today is eyeing a country's every move. In the stock market, a 400-point gain can be easily offset by a 600-point loss with any news of international unrest.
US stock shares and futures for Thursday, Dec. 1, 2011 are trending high as of 1:04 a.m. EST. Bank of America (ticker symbol: BAC) and JP Morgan Chase & Company (ticker symbol: JPM) are leading the way (on heavy volume) for financials.
Market Watch on Wall Street
Stock futures for Caterpillar Inc (CAT) are up over 8% from the previous close. And both General Electric Co (ticker: GE) and Walt Disney Co/The (Dis) are expected to continue modest gains from yesterday.
"The global monetary policy backdrop is turning more favorable. This is all in the context of undervalued markets, so there are some good things happening but the key ingredient remains Europe and what happens there," said Boston stock market strategist David Joy on the stock market.
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Comments: 1
This was predictable. As soon as the Federal Reserve loaned money to banks that were about to fail, our stock markets responded knowing that today the European currency was not going to fail. So they had a chance to make a dime and they took it. With that said, all we have done is delay the inevitable. And the ultimate question is when the music stops, who is going to be holding the bag of debt. Well the more money that the Fed uses to bail out banks in foreign countries, the more likely the bag holder will by our grand kids. We all need to take a good long look at what has caused this debt problem in Europe and reduce our spending to make sure that we do not fall into the same pit. At this point this seems unlikely, when our congress is fighting over how to bail out the Titanic using a thimble or a teaspoon. They are trying to cut 1.2 Trillion dollars over a ten year period. Really, Have you noticed that we have already overspent this year by 1.3 and will most likely clear 1.5 by the end of the year. We need to cut at least 1.5 Trillion from next year’s budget before we can think about making a payment on the debt that is now over $133,000 per tax payer. Who can afford that? Well, I guess if you don’t pay taxes, you can afford it, or will we give the gift of debt to our kids and grandkids?