North American stocks look going to a lower open today, after weak Chinese data rekindled fears of a global economic slowdown led by the world’s second-biggest economy.
China’s February trade performance was far worse than economists had expected, with exports tumbling probably the most in over six years.Global stocks fell following the data. Oil and copper prices were down marginally.
Investors are focusing on data for clues on the state from the global economy and monetary policies of central banks across the world.The ecu Central Bank is anticipated to announce further stimulus at its meeting later this week.In comparison, the U.S. Fed is looking to boost rates of interest this season as a raft of information suggested the economical recovery in the usa was gaining momentum.Canadian home services provider Enercare Inc said its unit agreed to buy U.S-based SEHAC Holdings Corp (Service Experts Heating & Air Conditioning) for $340.8 million, excluding transaction costs, to grow in North America.A major Canadian securities regulator on Monday ruled that Corus Entertainment Inc do not need to disclose more details of their $2.65 billion proposal to purchase media assets from Shaw Communications Inc, meaning a shareholder vote due on Wednesday could proceed.The Toronto Stock Exchange’s S&P/TSX composite index rose on Monday to a three-month high as mining and stocks gained around the back of higher oil and gold prices, while industrial and financial sector stocks also rallied. The S&P logged its first five-day streak of gains since October and closed above 2,000 for the first time since Jan. 5.Shares of Urban Outfitters were up 10 per cent at $31 premarket, following the company reported better-than-expected sales because of its bohemian-inspired Free People brand.Apple was down 1.1 percent at US$101.87. Chipmaker Dialog Semiconductor forecast first-quarter revenue below estimates, signaling a continuing softening of the smartphone market.
? Thomson Reuters 2016
