Investors express cautious hope that trouble at indebted property giant China Evergrande can be contained
U.S. stock futures rose, pointing to gains for major indexes as investors remained upbeat that trouble with property giant China Evergrande Group can be contained.
Futures for the S&P 500 rose 0.5% Thursday, a day after a Federal Reserve policy update sent the stocks gauge to its . Contracts for the Dow Jones Industrial Average also added 0.5% and futures for the technology-focused Nasdaq-100 ticked up 0.3%.
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
U.S. Stock Futures Rise as Fears Over Evergrande EbbStock futures gained as concerns over debt-ridden China Evergrande ebbed somewhat, and investors awaited a policy update from the Federal Reserve, amid waning expectations of an imminent scaleback in its asset purchases.
Read more »
Evergrande to make domestic bond coupon payment, soothing fearsChina Evergrande Group's main unit said on Wednesday it would make a coupon payment on its domestic bonds on Sept. 23, offering some relief to jittery markets that had been on edge over fears that a default of China's No. 2 developer could ripple through the global financial system.
Read more »
Evergrande makes deal with domestic bondholders to avoid defaultChinese property titan Evergrande's debt burden remains significant but it urges the market to calm down while the government is mute on the issue despite expectations that it will come forward to help the embattled firm.
Read more »
Evergrande Is China’s Economy in a NutshellChina’s economic model has run out of road, and the process of putting it on a new track is likely to bring more Evergrande-like mistakes.
Read more »
China's Evergrande meets crucial debt deadline but another loomsChina's Evergrande Group will pay interest due Thursday on one of its bonds, but it's keeping rattled investors guessing about the fate of second, bigger payment due this week.
Read more »
Futures point to Wall Street recovery after worst day for S&P 500 in four monthsIs this good news or bad news? 'Even after Monday’s fireworks and losses in nine of the last 11 sessions, the S&P 500 is only 4% below its record high.'
Read more »