Morning Wire — Futures Mixed While Europe Ponders
US stock futures are slightly up this morning as markets wait to see if the European Central Bank will in fact lower its interest rate from 1.25% to 1% later today. The move is widely expected, but all the bets…
US stock futures are slightly up this morning as markets wait to see if the European Central Bank will in fact lower its interest rate from 1.25% to 1% later today. The move is widely expected, but all the bets are already on the table, so this morning’s action is slow. The euro is up slightly against the dollar, but down against the yen and the British pound.
At about 6:30 a.m. ET, Germany’s DAX is up about 0.61% at 6,031.06 and France’s CAC 40 is up about 0.25%, at 3,183.91.
In Asia, Hong Kong’s Hang Seng index is down -0.69%, at 19,107.80. The Nikkei index is down about -0.66%, at 8,654.58, and the Shanghai index is down about 0.12%, at 2,329.82. In London, the FTSE 100 is up about 0.6%, at 5,279.70.
Dow futures are down about -0.07%, at 12,205. The Nasdaq 100 is up about 0.06%, at 2,323.00 and the S&P is down about -0.21%, at 1,261.40.
In the currency markets, the euro is up slightly against the US dollar and the US dollar is down slightly against the yen, but up slightly against the British pound.
In commodities, both WTI and Brent crude are higher this morning, with WTI at $100.89/barrel and Brent at $109.85/barrel. Gold is up about 0.15%, at $1,747.50.
Contact [email protected] for any questions or corrections.
Paul Ausick has been writing for 247Wallst.com for more than a decade. He has written extensively on investing in the energy, defense, and technology sectors. In a previous life, he wrote technical documentation and managed a marketing communications group in Silicon Valley.
He has a bachelor's degree in English from the University of Chicago and now lives in Montana, where he fishes for trout in the summer and stays inside during the winter.