Morning Wire — US Stock-Index Futures Lower

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By Paul Ausick Published

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US index futures are lower this morning as talks between Greece and its bondholders continue for a third day. Bloomberg News cites a Greek newspaper as saying that a voluntary swap of Greek bonds has been agreed to, but there is no official word yet. European markets are lower this morning, but Asian markets are up following decent earnings reports in the US. The latest PMI number out of China is also higher, which is also boosting Asian equities.

At about 8:30 a.m. ET, Germany’s DAX is down -0.18% at 6,404.82 and France’s CAC 40 is down -0.52%, at 3,311.59. In London, the FTSE 100 is down -0.07%, at 5,737.27.

In Asia, Hong Kong’s Hang Seng closed up 0.84%, at 20,110.40. The Nikkei index closed up 1.47%, at 8,766.36, and the Shanghai index closed up 1%, at 2,319.12.

Dow futures are down -0.12%, at 12,572.00. The Nasdaq 100 is up 0.05%, at 2,426.5 and the S&P is down -0.26%, at 1,307.00.

In the currency markets, the US dollar is stronger against the euro, the British pound, and the Japanese yen. The US dollar index is up 0.358% at 80.343.

In commodities, WTI and Brent crude are lower this morning, with WTI down -0.49% at $99.90/barrel and Brent down -0.23% at $111.292/barrel. Gold is down -0.47% this morning, at $1,646.80/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.

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