Business Desk :
U.S. stock futures were higher Wednesday, while European stocks rose, with Volkswagen shares stabilizing after its emissions rigging scandal triggered a dramatic slide, says USA Today.
Here is where major market index futures stood ahead of the start of regular trading: Asian stock markets sank as a global sell-off was exacerbated by weak Chinese factory data.
Hong Kong’s Hang Seng index dropped 2.3% and the Shanghai composite index lost 2.2%. The preliminary Caixin/Markit manufacturing index based on a survey of Chinese factory purchasing managers fell to 47.0 this month, the lowest level in six and a half years.
Japan’s stock market is closed for public holidays until Thursday. European shares were higher Wednesday – Germany’s DAX index gained 1.1%, France’s CAC 40 rose 1.1% and Britain’s FTSE 100 surged 1.8%.
Shares of German automaker Volkswagen, which admitted it used software to cheat on emissions tests, rose about 4% in early trading Wednesday, snapping a losing streak for the first time in three days. Shares of Asian automakers slid Wednesday, erasing gains from the previous session that appeared to stem from expectations Asian automakers would expand market share after the Volkswagen scandal, Stocks tumbled Tuesday, though trimming their losses late in the session, as investors continued to grapple with the downside risks associated with slowing world growth and uncertainty related to the Federal Reserve’s rate hike plans.
U.S. stock futures were higher Wednesday, while European stocks rose, with Volkswagen shares stabilizing after its emissions rigging scandal triggered a dramatic slide, says USA Today.
Here is where major market index futures stood ahead of the start of regular trading: Asian stock markets sank as a global sell-off was exacerbated by weak Chinese factory data.
Hong Kong’s Hang Seng index dropped 2.3% and the Shanghai composite index lost 2.2%. The preliminary Caixin/Markit manufacturing index based on a survey of Chinese factory purchasing managers fell to 47.0 this month, the lowest level in six and a half years.
Japan’s stock market is closed for public holidays until Thursday. European shares were higher Wednesday – Germany’s DAX index gained 1.1%, France’s CAC 40 rose 1.1% and Britain’s FTSE 100 surged 1.8%.
Shares of German automaker Volkswagen, which admitted it used software to cheat on emissions tests, rose about 4% in early trading Wednesday, snapping a losing streak for the first time in three days. Shares of Asian automakers slid Wednesday, erasing gains from the previous session that appeared to stem from expectations Asian automakers would expand market share after the Volkswagen scandal, Stocks tumbled Tuesday, though trimming their losses late in the session, as investors continued to grapple with the downside risks associated with slowing world growth and uncertainty related to the Federal Reserve’s rate hike plans.
