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Stocks The US market is picking up despite steady slump in China

Stock futures are expecting that U.S. markets should open with a gain of about one percent, but Europe is unmoving and stuck in the red.

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A worker walks past an electronic board displaying movements in major indices, at the Johannesburg Stock Exchange in Sandton, February 12, 2015. REUTERS/Siphiwe Sibeko play A worker walks past an electronic board displaying movements in major indices, at the Johannesburg Stock Exchange in Sandton, February 12, 2015. REUTERS/Siphiwe Sibeko
The downward trend in the Chinese stock market has reflected all over the world play

The downward trend in the Chinese stock market has reflected all over the world

(techcrunch)

World markets are falling again so you should be prepared for yet another bumpy ride.

Chinese stocks had a mixed outing on Wednesday before ending weaker for the fifth day running. Stock futures are expecting that U.S. markets should open with a gain of about one percent, but Europe is unmoving and stuck in the red.

READ: Its 'Black Monday' as stocks record historic fall

Here are 2 important things that went on before the markets opened:

1. China drops again: China announced a new round of measures aimed at boosting the economy late Tuesday, cutting interest rates and allowing banks to lend more. But the move still failed to prevent further losses. Shanghai Composite closed 1.3% down Wednesday, while the Shenzen Composite lost 3%.

Dow futures play

Dow futures

(cnnmoney)

 

2. Stock market gainers - Harley-Davidson, Apple, Bank of America: Harley-Davidson (HOG) was one of the biggest gainers in after-hours trading, adding 3%. Transocean (RIG) didn’t have as much luck. Its stock price sank down by more than 10%.

A handful of stocks are also doing better and gaining in premarket trading. Netflix (NFLX, Tech30) is up 3.6% and Bank of America (BAC) took in an extra 2% early on Wednesday.

Apple (AAPL, Tech30), one of the most heavily traded stocks during this week's stress-inducing turmoil, is up 2% premarket.

READ: Africa's richest man loses N104 billion overnight

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