Benzinga | Jun 18, 2013 07:50AM ET
U.S. equity futures rose slightly in pre-market trade Tuesday as investors eagerly awaited the FOMC decision and statement Wednesday. Monday trading was a whip-saw marked by a steep sell-off over tapering fears.
Top News
In other news around the markets:
Asian shares were mixed overnight in unusually quiet trading as markets eagerly anticipate the Fed's decision, the proverbial calm before the storm. The Japanese Nikkei 225 Index declined 0.2 percent and the Topix Index gained 0.15 percent. Shares in Hong Kong were flat while the Shanghai Composite Index gained 0.41 percent. Also, the Korean Kospi rose 0.93 percent while Australian shares fell 0.24 percent.
European Markets
European shares were mixed overnight ahead of the Fed following mixed regional economic data. The Spanish Ibex Index rose 0.41 percent and the Italian FTSE MIB Index gained 0.16 percent. Meanwhile, the German DAX fell 0.32 percent and the French CAC 40 fell 0.31 percent while the U.K. FTSE rose 0.36 percent.
Commodities
Commodities were weaker overnight, erasing Monday's gains. WTI Crude futures fell 0.2 percent to $97.57 per barrel and Brent Crude futures declined 0.19 percent to $105.27 per barrel. Copper futures fell 0.75 percent to $317.35 per pound. Gold was lower and silver futures fell 0.22 percent to $21.71 per ounce.
Currencies
Currency markets sang a familiar tune overnight as the yen and the Australian dollar weakened precipitously. The EUR/USD was higher at 1.3396 and the dollar gained against the yen to 95.14. Overall, the Dollar Index fell 0.17 percent on weakness against the euro and the Canadian dollar.Gen
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, CPI and the NAHB Home Price Index are due out as well as the Redbook and Housing Starts. Overnight, the Japanese Trade Balance and the Bank of England's MPC Minutes are due out.
BY Matthew Kanterman
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