Limited News Has Stock Indexes Higher


Stock index futures are higher after the Nasdaq booked another record close yesterday.

Jobless claims in the week ended August 28 were 340,000 when 350,000 were expected.

The fundamental and technical aspects remain supportive for stock index futures.


The U.S. dollar is a little higher on limited news.

Producer prices in the euro area increased 2.3% in July, which is the largest monthly increase since January 1995 and is well above market expectations of 1.1% growth.

The European Central Bank will hold its next policy meeting on September 9. It is likely that the central bank will continue to communicate that monetary policy will remain loose for longer despite calls for the ECB to scale-back its asset purchase program.

The economy of Switzerland expanded 1.8% on the quarter in the three months to June, rebounding from a downwardly revised 0.4% decline in the previous period.

Retail sales in Switzerland fell 2.6% year-on-year in July, which is the first annual decrease in five months.

There is growing talk that the Reserve Bank of Australia will delay tapering its bond buying program at its policy meeting on September 7.


There is growing evidence that the rate of growth in the global economy is slowing.

The flattening U.S. Treasury yield curve since May offered clues about the state of the global economy and inflation.  A flattening yield curve suggests a slower rate of global economic growth in the future.

Higher prices are likely for the 30-year Treasury bond futures.

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