Markets Are Staging A Nice Rally

MIKE BIRD, 4:05 PM

Flickr/Vlad

European markets are up early Friday morning, after a bad day following the latest monetary policy announcement from the European Central Bank. 

Here’s the scorecard:

France’s CAC 40 is up 0.77%

Spain’s IBEX is up 0.70%

Italy’s FTSE MIB is up 1.06%

Britain’s FTSE 100 is up 0.77%

German markets are closed today, for a national holiday. 

In Asia, the Hang Seng had its first good day in a while, it’s up 0.77%. The Nikkei closed up 0.30%.

U.S. futures are up, with Dow futures and S&P futures climbing 0.34% and 0.40%, respectively.

Eurozone retail sales figures are out at 5 a.m. ET, and figures should give some sign of consumer sentiment in September. 

Later in the US, we’ll get the jobs report at 8:30 a.m. ET. Analysts are expecting nonfarm payrolls in September to come in at 215,000. Last month, nonfarm payrolls came in below expectations at 142,000.

Markit’s services PMI is coming at 9:45 a.m. ET, followed by manufacturing numbers from the ISM at 10 a.m. ET. 

Global Markets Are Staging A Nice Rally

DINA SPECTOR

 AUG. 18, 2014

REUTERS/Darrin Zammit Lupi

European markets are up early Monday. 

Here’s the scorecard:

Britain’s FTSE 100 is up 0.59%.

France’s CAC 40 is up 1.14%.

Germany’s DAX is down 1.42%. 

Spain’s IBEX is down 0.83%.

Italy’s FTSE MIB is down 0.81%.

Asian markets closed flat with Japan’s Nikkei up 0.03% and Hong Kong’s Hang Seng closing unchanged.

U.S. futures are up with Dow futures down 72 points and Nasdaq futures up 17 points. 

In the U.S., the NAHB Housing Market Index from the National Association of Home Builders will be released at 10 a.m. ET. Economists estimate this index of homebuilder confidence was unchanged at 53 in August.

The big story of the week will be The Kansas City Fed’s economic conference in Jackson Hole on Friday where Federal Reserve Board Chair Janet Yellen will speak.