Benzinga | Jun 12, 2013 07:49AM ET
U.S. equity futures rose in early pre-market as better than expected economic data from the eurozone sparked a risk rally.The yen weakened, the Australian dollar bounced back, and equity futures rose in what appears to be a return to risk.
Top News
In other news around the markets:
Asian shares were mostly lower overnight although most major indices closed off of their lows. The Japanese Nikkei 225 Index fell 0.21 percent after declining over 2 percent at the open and the Topix Index fell 0.42 percent. Also, the Korean Kospi fell 0.56 percent and Australian shares shed 0.69 percent.
European Markets
European shares were mostly higher on the back of some better than expected economic data. The Spanish Ibex Index gained 1.22 percent and the Italian FTSE MIB Index rose 0.22 percent. Meanwhile, the German DAX gained 0.09 percent and the French CAC 40 rose 0.39 percent while U.K. shares added 0.05 percent.
Commodities
Commodities were slightly higher overnight as global growth fears ebbed. WTI Crude futures rose 0.06 percent to $95.44 per barrel and Brent Crude futures rose 0.34 percent to $103.31 per barrel. Copper futures added 1.0 percent to $322.70 per pound. Gold was higher and silver futures rose 0.5 percent to $21.76 per ounce.
Currencies
Currency markets were in retracement mode overnight as the dollar gained back some ground against the yen while risk currencies such as the Aussie dollar bounced back. The EUR/USD was lower at 1.3278 and the dollar gained against the yen to 96.57. Overall, the Dollar Index rose 0.15 percent.
Earnings Reported Yesterday
Key companies that reported earnings Tuesday include:
Stocks moving in the pre-market included:
Notable companies expected to report earnings Wednesday include:
On the economics calendar Wednesday, MBA Purchase Applications and a 10-year Treasury auction are expected, followed by the Treasury budget statement. Overnight, the Australian Employment Change report and the ECB Monthly Report are both expected.
BY Matthew Kanterman
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