U.S. stock futures were higher on Monday, while Japanese stocks rose after poor quarterly GDP data raised hopes of fresh economic reforms. Other Asian Markets were more balanced as the yuan stabilized after last week’s awful devaluation.
Look at where major market index futures stood before the start of regular trading. Dow stood at +0.2% while S&P 500 gained 0.1%. Nasdaq also reported higher gains of 0.3%.
Japan’s Nikkei 225 index gained 0.5% while China’s Shanghai Composite was 0.7% higher while Hong Kong’s Hang Seng was down 0.8%.
European shares were today. The CAC 40 gained 0.48% while the DAX gained 0.14%. The FTSE 100 is down by 0.29%.
Japan’s economy shrinked 1.6% in the last quarter on account of bad weather and slowing demand for Chinese goods, as per the latest data released by government .
Prime Minister Shinzo Abe has advocated a huge aimed at giving impetus to much slowing economic growth. Analysts say the poor results so far could trigger more money pumping measures by the central bank in the coming months, to provide stimulus to the stock market.
Major U.S. benchmarks ended on a better note on Friday as investor sentiment was steady after a shattering week.