1. Trade war fears: A measure of calm has returned to global markets. But for how long? US stock futures were higher on Thursday, and most global markets posted gains in excess of 1%.
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| Where U.S. stocks are heading | | Dow
Futures | | Nasdaq
Futures | | S&P
Futures | | +68.00 | | +38.25 | | +11.25 | | +0.28% | | +0.58% | | +0.43% | | | |
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| | | Japan | | China | | U.K. | | Nikkei 225 | | Shanghai Composite | | FTSE 100 | | +325.87 | | -5.52 | | +92.82 | | 21,645.42 | | 3,131.11 | | 7,126.83 | | +1.53% | | -0.18% | | +1.32% | | | |
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| | | Biggest Winners | | Facebook Inc | +2.77% | | | | Advanced Micro Devices Inc | +2.56% | | | | Viacom Inc | +2.55% | | | | Adobe Systems Inc | +1.26% | | | Biggest Losers | | Monsanto Co | -1.76% | | | | Intel Corp | -0.78% | | | | Newmont Mining Corp | -0.74% | | | | Micron Technology Inc | -0.73% | | | | | | | |
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| News: What you need to know about the markets | | | | | | | Trade war fears; Facebook trouble; Stocks up | By Ivana Kottasová
Thursday, April 5th, 5:00am | | | | 1. Trade war fears: A measure of calm has returned to global markets. But for how long? | | | | US stock futures were higher on Thursday, and most global markets posted gains in excess of 1%. | | | | The positive mood follows days of volatile trading driven by a quick-fire exchange of threats between the United States and China. Investors fear a full-blown trade war could erupt. | | | | Experts say the latest threat from China -- a plan for tariffs on $50 billion worth of US exports -- could be an effort to push the United States into negotiating a deal to defuse the trade spat. | | | | The Dow Jones industrial average closed 1% higher on Wednesday, reversing huge losses from earlier in the trading session. The S&P 500 added 1.2% and the Nasdaq gained 1.5%. | | | | 2. Facebook's data problem: Facebook has revealed that Cambridge Analytica, a data firm with ties to President Donald Trump's campaign, may have had information on about 87 million of its users. | | | | Previous reporting had put the number of people whose information may have been shared at around 50 million. Cambridge Analytica disputes the figure. | | | | Australia launched a formal investigation into Facebook on Thursday after the company revealed information about hundreds of thousands of Australians was potentially exposed. | | | | The data scandal has raised questions about the social media company's business model, and the leadership of CEO Mark Zuckerberg. | | | | 3. Global market overview: European stocks opened firmly higher on Thursday. Benchmark indexes in London, Paris and Frankfurt all gained more than 1.5%. | | | | Japan's Nikkei added 1.5% and Korea's Kospi increased 1.2%. Markets in China are closed on Thursday and Friday. | | | | Oil gained 0.3% to trade at $63.50 per barrel after a report showed a decline in US crude stocks. | | | | Before the Bell newsletter: Key market news. In your inbox. Subscribe now! | | | | 4. Earnings and economics: Monsanto will release earnings before the open. WD-40 is up after the close. | | | | The US Census Bureau will release trade balance data for February at 8:30 a.m. ET. | | | | The Department of Labor is set to publish jobless claims statistics at the same time. The US jobs report for March will be released on Friday. | | | | New data show car sales in the United Kingdom slumped 16% over the previous year in March. Diesel sales slumped 37%. | | | | The Reserve Bank of India will issue a rate decision on Thursday. | | | | Markets Now newsletter: Get a global markets snapshot in your inbox every afternoon. Sign up now! | | | | | | | |
| | | | | | Thursday — February trade deficit report
Friday — Jobs report | | | | | | | |
| Key Market Stats | Latest | Today's Change | | | Oil | $63.27 | -0.10 / -0.16% | | | Gold | $1,331.00 | -9.20 / -0.69% | | | 10-yr | 2.79% | 0.00 / 0.00% | | | Euro | $1.23 | -0.00 / -0.09% | | | |
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