Benzinga | Jul 30, 2013 08:32AM ET
U.S. equity futures rose slightly in early pre-market trade as Asian shares reversed losses from Monday and rose overnight. Market now look to earnings and the flood of economic data that begins today and continues through the rest of the week for direction.
Top News
In other news around the markets:
Asian shares were higher overnight on some positive economic news and also on a reversal of Monday's losses. The Japanese Nikkei 225 Index gained 1.53 percent and the Topix Index rose 1.78 percent. In Hong Kong, the Hang Seng Index rose 0.48 percent and the Shanghai Composite Index rose 0.7 percent in China. Also, the Korean Kospi rose 0.9 percent and Australian shares rose 0.02 percent.
European Markets
European shares mixed but roughly unchanged in early trade on little news. The Spanish Ibex Index fell 0.12 percent and the Italian FTSE MIB Index rose 0.1 percent. Meanwhile, the German DAX rose 0.08 percent while the French CAC 40 Index fell 0.03 percent and U.K. shares rose 0.14 percent.
Commodities
Commodities were lower overnight as the dollar gained back some losses. WTI Crude futures fell 0.68 percent to $103.84 per barrel and Brent Crude futures declined 0.2 percent to $107.24 per barrel. Copper futures fell 0.84 percent to $308.15 per pound. Gold was lower and silver futures declined 1.33 percent to $19.60 per ounce.
Currencies
Currency markets were on the move as the Aussie dollar plunged on comments from Governor Stevens. The EUR/USD was higher at 1.3273 and the dollar rose against the yen to 98.03. Overall, the Dollar Index rose 0.1 percent on strength against the pound, the Canadian dollar, and the yen. Notably, the AUD/USD declined 1.5 percent to 0.9068 and the AUD/JPY fell 1.41 percent to 88.9070.
Earnings Reported Yesterday
Key companies that reported earnings Monday include:
Stocks moving in the pre-market included:
Notable companies expected to report earnings Tuesday include:
On the economics calendar Tuesday, the weekly Redbook is due out followed by the S&P Case-Shiller Home Price Index and the CB Consumer Confidence Report. The Treasury is also expected to auction 4-week bills. Overnight, the German retail sales and unemployment reports are due out.
BY Matthew Kanterman
Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.