Morning Wire — US Stock-Index Futures Follow Europe’s Rise
US stock futures are higher this morning following European markets, where a report from Germany on business confidence came in better than expected. In the US, a report on November housing starts is expected to show improvement, and that too…
US stock futures are higher this morning following European markets, where a report from Germany on business confidence came in better than expected. In the US, a report on November housing starts is expected to show improvement, and that too is boosting futures. Trading volumes are expected to get lower as the Christmas and New Year’s holidays get closer, and aren’t expected to pick up again until after the beginning of the year.
At about 7:45 a.m. ET, Germany’s DAX is up 0.70% at 5,710.14 and France’s CAC 40 is up 0.83%, at 2,998.86. In London, the FTSE 100 is down -0.34%, at 5,346.77.
In Asia, Hong Kong’s Hang Seng index is up 0.06%, at 18,080.20. The Nikkei index is up 0.49%, at 8,336.48, and the Shanghai index is down -0.1%, at 2,215.93.
Dow futures are up 0.62%, at 11,776.00. The Nasdaq 100 is up 0.78%, at 2,229.75 and the S&P is up 0.88%, at 1,209.50.
In the currency markets, the US dollar is weaker against the euro, the British pound, and the Japanese yen.
In commodities, both WTI and Brent crude are higher this morning, with WTI at $94.95/barrel and Brent at $105.00/barrel. Gold is up 0.6%, at $1,606.30.
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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.