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A look at the day ahead in U.S. and global markets from Mike
Dolan
Having briefly cracked the 5,000 point milestone for the first
time on Thursday, Wall Street s S&P500 looks set to.
Overnight markets were quietened by the absence of mainland China due to its Lunar New Year holiday - although another near-1% drop in the still-open Hang Seng in Hong Kong showed dour investor sentiment in China is hard to dispel. New bank loans in China jumped more than expected to an all-time high in January as the central bank moved to boost credit - reinforcing expectations for more stimulus to come. But economics is only part of the problem for overseas investors exiting the world's second largest economy and little solace will have been taken from China's President Xi Jinping doubling down on Beijing's deepening alliance with Moscow in a call with Russian President Vladimir Putin on Thursday.