U.S. Stock Futures Surging This Morning On News China Hints At Further Stimulus To Spur Lending; U.S. Stock Futures Surge
U.S. stock futures are surging this morning on the back of news Beijing is considering additional stimulus to spur lending in the country. Zhou Xiaochuan, Governor of the People’s Bank of China stated over the weekend that he was concerned about the drop in China’s growth rate; and, went on to add that the country has the scope to respond. Traders and institutions have taken this to mean that Beijing may be on the verge of providing additional economic stimulus to spur investment and economic lending.
U.S. stock futures are surging this morning on this news, as I write this short note. DOW futures are higfher by 123, NASDAQ by 40, and the S and P by 14 — pointing to a very strong opening to the upside as we start this holiday shortened week on Wall Street. May take some profit today, V/R, RCP