Stock Market News: US futures point to rebound after Wall Street bloodbath
Global stock markets appear to jump back on Thursday with European indices in green in the morning, and US futures point to a positive open after Wednesday's Wall Street bloodbath.
Wednesday saw Nasdaq lose more than 4%, and Dow Jones dropped more than 600 points, or 2.4%. Nasdaq's fall of the day pushed the index into the correction area.
Thursday, however, appears to be a better day for US stocks, with futures markets pointing to a strong jump in all three main indices. Dow and S & P 500 futures suggest a 0.7% gain for both respective indices, while Nasdaq is set to bounce more than 1.2%.
Only after kl. 1[ads1]0.00 BST (5.00.00 GMT), most European indices are also higher, with only the UK's FTSE 100 lower, and even then only 0.3%. Italy's FTSE MIB brings the gain, higher by more than 1%, while France's CAC 40 is 0.8% higher, and Germany's DAX – starting the day almost 1% down – is up 0.2%.
The Revolution in Europe and North America comes after a tough increase in Asia, which saw Japan's benchmark index Nikkei stock index loses almost 4% of its value, and in mid-October, when the stock markets have suffered a cocktail of fear.
A combination of concerns has weighed on global markets in recent weeks, with some fearful Federal Reserve plans to raise interest rates further set to limit growth.
Add concern, China reported last week that economic growth fell to the lowest level of a decade in the third quarter, worsening concerns about the country's economic downturn.
"What makes the last volatility more troubled is that it has been difficult to identify a particular case," said Kerry Craig, a global marketing strategy at JPMorgan Asset Management, Thursday morning.
"There are many symptoms, but no one can diagnose the disease, "he said." Geopolitics, rising bond issues US bond yields, a more Hawaiian-looking US federal reserve, reduced Chinese growth, a strong US dollar and the already known issues in some emerging economies have all contributed to market turmoil. "
European stocks can see further price movements later in the day when they have to fight against the European Central Bank's October meeting in the afternoon. The meeting is expected to contain no major surprises, with policies and guidance likely to remain unchanged from the last meeting of the Central Bank in September.
