U.S. stock futures picked up momentum from foreign markets, as global investors reacted positively to a surprise move by the Bank of Japan to cut its key lending rate. Japan’s central bank announced it would lower its key rate to virtually zero and would also purchase 5 trillion yen ($60 billion) of government bonds to boost the pace of the country’s recovery.
In the U.S., the Institute for Supply Management’s services sector index for September is due at 10:00 am ET. Economists expect the index to have edged up to 51.8 from 51.5 in August. Any number above 50 indicates growth in the sector. There are no other major reports today. We will begin seeing employment data tomorrow, with the government’s employment situation report on Friday.
- Harrington Wealth Management
- Our firm provides comprehensive trust and investment management services by employing a customized asset allocation approach. By focusing on the individuality of each client, Harrington Wealth Management Company has helped high net worth individuals, families, and small institutions grow and sustain their wealth through proven investment practices since 1994. A fee-only advisor, we also offer other financial services from our offices in California, Kansas and Indiana that include custody, estates, land trusts, probate administration, guardianships, personal trust administration, retirement plan services, and investment consulting services.
