NEW YORK - U.S. stock index future pink Tuesday that trade with strong China data ease fears of an economic slowdown for the world's second economy and stressed the strong application world.
Posted a trade surplus of 11.4 billion in April, nearly four times higher than expected after China exports hit a record on health demand and imports have increased less than expected.
"Data from trade with China would indicate I strengthening the other large economies and development," said Paul Mendelsohn, strategist at the investment Chief at Windham Financial Services in Charlotte, Vermont. "The world economy is still strengthening."
It still says, a gathering of possible dollar triggered by the deepening of euro-zone debt problems could hurt commodity and force a change in direction of the sector in US stocks. "I see a lot of defensiveness on this market," Mendelsohn said, usually commercial, consumers and health care.
Microsoft Corp. (MSFT).(O) is close to the purchase of Internettelephone network Skype to eBay Inc. (EBAY).(O) for 8.5 billion, a source said. Microsoft edged up to 0.4% rate $ in trade Premarket, while eBay rose by 3.2% to $34.18.
S & P 500 future has increased by 6.6 points and were above fair value, a formula which evaluates prices taking into account interest rates, dividends and the time of expiry of the contract. Future index Dow Jones won 46 points and Nasdaq 100 future added 13.25 points.
Taiwan Semiconductor Manufacturing Co Ltd (2330.TW) and United Microelectronics Corp (2303.TW), two largest contract chipmakers worldwide, posted slower sales growth in April after the earthquake of the Japan brought a deficit of supply for key materials in the production of tablets and smartphones.
Dean Foods Co (DF.)(N) increased by 6.6% to $11.70 in pre-market trade after higher than expected quarterly profit. As earnings season winds, investors are also waiting for the results of the Walt Disney Co Dow component (say.)(N).
At 8: 30 a.m., the Labor Department reports the price import-export of April. Economists in a survey of Reuters provide an increase of 1.8% of imports and a 0.9% increase in exports.
The Commerce Department releases inventories wholesale for March-10 (EDT). Economists are looking for inventories increased by 1.0%, a repeat of the February increase.
Advanced US stocks Monday that actions related to commodities bounced back from the collapse of last week, masking more profound doubts about what will sustain the force long term market.
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