Benzinga | May 07, 2013 01:34AM ET
U.S. equity futures rose slightly in early pre-market trade following the strong employment report from the U.S. and better than expected services data from the EU. Notably, Japanese and U.K. markets were closed overnight.
Top News
In other news around the markets:
Asian shares were mostly higher overnight on the back of the strong U.S. employment report. The Shanghai Composite Index rose 1.17 percent and the CSI 300 Index rose 1.31 percent while the Hang Seng Index gained 0.99 percent. Also, the Korean Kospi fell 0.22 percent and Australian shares gained 0.52 percent.
European Markets
European shares were mostly lower overnight in thin trading following strong gains last week on the back of the ECB rate cuts and the U.S. employment report. The Spanish Ibex Index fell 0.37 percent and the Italian FTSE MIB Index declined 0.56 percent. Meanwhile, the German DAX declined 0.16 percent after reaching a new all-time high last Friday and the French CAC 40 fell 0.27 percent.
Commodities
Commodities were mostly higher overnight led by oil as natural gas futures fell sharply. WTI Crude futures rose 0.66 percent to $96.24 per barrel and Brent Crude futures rose 0.46 percent to $104.67 after Israel launched two air strikes on Syria to target Hizbollah weapons shipments from Iran. Natural Gas futures fell 0.77 percent to $4.01 per million BTU on warmer weather conditions. Copper futures fell 0.08 percent to $331.20 on weaker than expected retail sales and CapEx data in Australia. Gold was higher and silver futures gained 0.44 percent to $24.12 per ounce.
Currencies
Currency markets were rather quiet overnight as the yen continued its decline. The EUR/USD was slightly lower at 1.3106 and the dollar gained against the yen to 99.34. Overall, the Dollar Index rose 0.08 percent on strength against the yen, the Swiss franc, the pound, the euro, and the Canadian dollar.
Earnings Reported Yesterday
Key companies that reported earnings Friday include:
Stocks moving in the pre-market included:
Notable companies expected to report earnings Monday include:
On the economics calendar Monday, ECB President Mario Draghi is set to speak followed by a Treasury auction of 3- and 6-month bills. Later, the TD Ameritrade Investor Movement Index is expected to be released followed by a Treasury STRIPS auction. Overnight, the RBA rate decision, French industrial production, and German factory orders data are due out.
BY Matthew Kanterman
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