Morning Wire — US Stock-Index Futures Rising
US index futures are up this morning following an earnings report from Alcoa Inc. (NYSE: AA) after US markets closed. The company’s earnings were about as expected, but Alcoa’s CEO projects demand growth of 7% in 2012, which has raised…
At about 8:15 a.m. ET, Germany’s DAX is up 2.63% at 6,175.58 and France’s CAC 40 is up 2.6%, at 3,209.01. In London, the FTSE 100 is up 1.26%, at 5,682.90.
In Asia, Hong Kong’s Hang Seng closed up 0.73%, at 19,004.30. The Nikkei index closed 0.38%, at 8,422.26, and the Shanghai index closed up 2.69%, at 2,285.74.
Dow futures are up 0.96%, at 12,455.00. The Nasdaq 100 is up 0.97%, at 2,369.50 and the S&P is up 1.06%, at 1,289.10.
In the currency markets, the US dollar is weaker against the euro, the British pound, and the Japanese yen. The US dollar index is down about -0.324% at 80.726.
In commodities, WTI and Brent crude are both higher this morning, with WTI up 1.94% at $103.28/barrel and Brent up 1.17% at $113.77/barrel. Gold is also higher this morning, at $1,639.00/ounce.
Paul Ausick
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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.