Morning Wire — US Stock-Index Futures Rising

Photo of Paul Ausick
By Paul Ausick Published

Invalid Image
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 the company’s shares in after-hours trading. A decline in Chinese imports could act as an anchor on global growth if it continues through the year, but today, at least, all major indexes in Europe, Asia, and the US are up.

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

Photo of Paul Ausick
About the Author Paul Ausick →

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.

Featured Reads

Our top personal finance-related articles today. Your wallet will thank you later.

Continue Reading

Top Gaining Stocks

MGM Vol: 27,683,097
CDW
CDW Vol: 3,240,293
DDOG Vol: 11,190,990
IT Vol: 2,031,591
DELL Vol: 20,848,965

Top Losing Stocks

FDX Vol: 2,399,340
CBOE Vol: 2,828,165
QCOM Vol: 21,186,645
CTRA Vol: 73,319,495
CEG Vol: 11,480,635