Morning Wire — US Stock-Index Futures Holding to Slight Gains
The big story this morning is the euro489 billion ($641 billion) that Europe’s central banks took from the first of two long-term refinance operations (LTRO) offered by the European Central Bank. The stronger-than-expected demand for the loans has buoyed European…
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At about 7:45 a.m. ET, Germany’s DAX is up 0.35% at 5,867.74 and France’s CAC 40 is up 0.31%, at 3,064.78. In London, the FTSE 100 is up 0.18%, at 5,429.54.
In Asia, Hong Kong’s Hang Seng index is up 1.86%, at 18,416.40. The Nikkei index is up 1.48%, at 8,459.98, and the Shanghai index is down -1.12%, at 2,191.15.
Dow futures are up 0.24%, at 12,060.00. The Nasdaq 100 is up 0.11%, at 2,269.25 and the S&P is up 0.13%, at 1,237.60.
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 $97.70/barrel and Brent at $107.24/barrel. Gold is up 0.53%, at $1,626.20.
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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.