U.S. Index Futures Signal Stocks to Rebound; Berkshire Declines

U.S. stock-index futures rose, signaling equities will rebound from a weekly loss, amid soaring shares of takeover target Precision Castparts Corp.

The maker of parts for the aerospace industry jumped 17 percent in premarket trading after Warren Buffett’s Berkshire Hathaway Inc. was said to be in buyout talks. Berkshire’s Class B shares lost 1.3 percent in Germany after also reporting profit that trailed estimates. Twitter Inc. and Netflix Inc. climbed, indicating gains for technology shares.

Standard & Poor’s 500 Index E-mini contracts expiring next month gained 0.2 percent to 2,078 at 10:33 a.m. in London. Futures on the Dow Jones Industrial Average added 27 points to 17,348. Stocks fell last week, with the Dow posting its longest losing streak in four years, amid a slump in media and biotechnology shares and as fell into a correction. The S&P 500 has trailed most developed-market gauges this year.

Kraft Heinz Co. is among companies reporting earnings on Monday, with those from Macy’s Inc. and News Corp. due later this week.

Most S&P 500 members have released results this season, of which 74 percent beat profit estimates and half topped sales projections. Analysts now project a more modest drop in second-quarter earnings, calling for a 2.1 percent fall instead of a 6.4 percent decline a month earlier.

Source: Bloomberg

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Saham AS Naik Ditengah Kesepakatan Berkshire Pasca Reli Saham China

Saham AS naik, mengirrim ekuitas rebound dari penurunan mingguan, setelah Warren Buffett Berkshire Hathaway Inc setuju untuk membeli unit saham Precision Castparts Corp seta reli pada saham Cina.

Indeks Standard & Poor 500 naik 0,8% menjadi 2,094.45 pada 09:32 pagi di New York, setelah indeks tergelincir untuk pekan kedua selama tiga kali.

Saham China membukukan kenaikan tertajam dalam satu bulan di tengah spekulasi pemerintah yang akan mempercepat merger dari perusahaan milik negara guna meningkatkan pertumbuhan ekonomi. Investor juga berspekulasi China akan bertindak untuk menopang pertumbuhan menyusul penurunan luas dari perkiraan ekspor.

S & P 500 turun 1,3% pekan lalu sementara Dow membukukan penurunan terpanjang dalam empat tahun terakhir, di tengah kemerosotan saham media dan bioteknologi dan Apple Inc jatuh menuju koreksi. Indeks S & P 500 telah membuntuti Indeks pasar berkembang tahun ini, sementara spekulasi ‘untuk volatilitas pasar saham telah mencapai level tertinggi sembilan tahun. Indeks tersebut ditutup 2,5 % di bawah rekor Mei-nya pada hari Jumat.(yds)

Sumber: Bloomberg

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