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The DJIA futures, along with S&P 500 futures, have started the third quarter with a bang as there is significant optimism among investors over fiscal stimulus and economic recovery.
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 (Bloomberg) -- Hong Kong stocks joined the rest of the world in bull market territory Monday, after a more than $1.1 trillion rebound.The Hang Seng Index jumped 3.8%, extending its rally from March's low to 21%. Tencent Holdings Ltd. and Hong Kong Exchanges & Clearing Ltd. have contributed 42% of the benchmark's gains during the period, according to data compiled by Bloomberg. Sino Biopharmaceutical Ltd., the gauge's biggest gainer of 2020 as of June 30, and Tencent were the only two Hang Seng members to fall Monday while underperforming sectors in Hong Kong -- including autos, commodities and financials -- soared.Mainland investors have been buying record amounts of Hong Kong equities, while sentiment has been fueled by a heavy activity of initial public offerings and secondary listings of U.S.-listed Chinese companies, triggering inflows into new-economy shares and HKEX. Meanwhile, mainland stocks have surged to multiyear highs.Despite the recent jump, the Hang Seng Index needs to rise another 10% to reach pre-pandemic levels. Only nine of the gauge's 50 stocks are higher for 2020.However, Jefferies predicts the index should reach 30,000 by year-end, thanks to factors including interest rates and no evidence of outflows despite the city's economy being in a year-long recession. Hong Kong's economy suffered its biggest-ever contraction in the first quarter, and the government expects the city's economy to shrink between 4% and 7% in 2020.A few technical bullish signs are still flashing in the market. Th
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Uber to acquire Postmates in $2.6 billion deal: Reports - Business Insider Business InsiderUber, Postmates Agree on $2.65 Billion All-Stock Deal BloombergUber, Postmates agree on $2.65 billion all-stock deal - Bloomberg News Yahoo FinanceUber to Buy Postmates for $2.65 Billion The New York Times
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CSI 300 rises more than 5% as state media talk up bull market and investors bet on economic rebound
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U.S. stock futures traded higher early Monday morning as Wall Street tried to build on the momentum from last week's solid performance.
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 European stocks, U.S. futures climb as economic hopes offset Covid-19 spread
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Uber reportedly agrees to acquire Postmates for $2.65 billion TechCrunchUber, Postmates Agree on $2.65 Billion All-Stock Deal BloombergUber, Postmates agree on $2.65 billion all-stock deal - Bloomberg News Yahoo FinanceUber to Buy Postmates for $2.65 Billion The New York Times
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 European stocks rose Monday, as signs of economic progress offset worries about growing coronavirus cases in the U.S. as well as India.
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 Uber Technologies Inc. has agreed to purchase food-delivery service Postmates for around $2.65 billion, according to media reports Sunday night. Bloomberg News and the New York Times both reported the deal, which is expected to be formally announced as soon as Monday. Postmates would be absorbed into the Uber Eats service, with Uber Eats chief Pierre-Dimitri Gore-Coty running the combined company, the reports said. Reports of a pending deal first surfaced last week, after Uber failed in a bid earlier this year to acquire rival food-delivery company GrubHub.
Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
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 (Bloomberg) -- Semiconductor Manufacturing International Corp. is preparing to raise as much as $7.5 billion via mainland China's largest stock sale in a decade, a big cash infusion for a chipmaker Beijing's counting on to reduce reliance on American technology.China's top homegrown chipmaker could sell as much as 53.2 billion yuan of shares, according to a Sunday filing with the Shanghai Stock Exchange. In May, analysts estimated a Shanghai listing could fetch somewhere in the $3 billion range. The offering would be the largest since Agricultural Bank of China Ltd.'s 68.5 billion yuan initial public offering in 2010. SMIC's Hong Kong stock jumped 21% to a record Monday, racking up its biggest gain since 2009 after mainland bourses surged.China's biggest contract manufacturer of chipsets represents a major piece of Beijing's vision to create a self-reliant and world-class semiconductor industry, particularly as Washington tightens restrictions on sales of silicon and software to the nation. SMIC plans to use the stock-sale proceeds to develop next-generation chipmaking to try and compete with Intel Corp. and Taiwan Semiconductor Manufacturing Co. Like TSMC, SMIC is a so-called foundry that helps fabricate chips based on other companies' designs, and could prove key to Huawei Technologies Co. if Washington follows through on threats to choke off its pivotal semiconductor business.What Bloomberg Intelligence SaysSMIC benefits the most from China's push for self sufficiency in semiconductor supply. Rising research expenses
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 At the end of February we announced the arrival of the first US recession since 2009 and we predicted that the market will decline by at least 20% in (see why hell is coming). In these volatile markets we scrutinize hedge fund filings to get a reading on which direction each stock might be going. […]
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 How do you pick the next stock to invest in? One way would be to spend days of research browsing through thousands of publicly traded companies. However, an easier way is to look at the stocks that smart money investors are collectively bullish on. Hedge funds and other institutional investors usually invest large amounts of […]
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U.S. stock index futures steadily gained late Sunday, ahead of Wall Street's return from a three-day holiday weekend. As of 10:30 p.m. Eastern, Dow Jones Industrial Average futures were up around 260 points, or 1%, while S&P 500 futures rose 0.9% and Nasdaq-100 futures advanced 1.2%. The number of coronavirus cases continued to surge in the U.S., with at least 120,000 new cases reported over the weekend. U.S. financial markets were closed Friday for the observance of Independence Day. For the holiday-shortened week, the Dow rose 3.3%, the S&P 500 gained 4%, while the Nasdaq advanced 4.6%.
Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
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