Morning Wire — US Stock-Index Futures Down
January 13, 2012 by Paul Ausick
US index futures are down this morning following a weak earnings report from JPMorgan Chase & Co. (NYSE: JPM). The bank’s numbers were close, but not good enough. We have more coverage here. In Europe, major exchanges are trading up following a successful auction of €4.75 billion in Italian bonds at 4.83%, about 80 basis points lower than a similar auction last week. In Asia, markets are also up on the news of the Italian bond sale.
At about 8:15 a.m. ET, Germany’s DAX is up 0.31% at 6,198.58 and France’s CAC 40 is up 0.88%, at 3,228.01. In London, the FTSE 100 is down -0.08%, at 5,658.14.
In Asia, Hong Kong’s Hang Seng closed up 0.57%, at 19,204.40. The Nikkei index closed up 1.36%, at 8,500.02, and the Shanghai index closed down -1.34%, at 2,244.58.
Dow futures are down -0.19%, at 12,390.00. The Nasdaq 100 is down -0.04%, at 2,377.50 and the S&P is down -0.30%, at 1,287.80.
In the currency markets, the US dollar is stronger against the euro, the British pound and the Japanese yen. The US dollar index is down -0.199% at 80.673.
In commodities, WTI and Brent crude are mixed this morning, with WTI flat at $99.10/barrel and Brent down -0.46% at $110.75/barrel. Gold is also lower this morning, at $1,640.80/ounce.
Paul Ausick
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