Morning Wire — US Stock-Index Futures Slightly Higher
US index futures are somewhat higher this morning as talks between Greece and its bondholders are believed to be progressing. Greek bondholders have apparently agreed to a haircut of 65%-70% on existing debt, but are rejecting an IMF call to…
US index futures are somewhat higher this morning as talks between Greece and its bondholders are believed to be progressing. Greek bondholders have apparently agreed to a haircut of 65%-70% on existing debt, but are rejecting an IMF call to take a lower coupon on the new bonds. European and Asian markets are both slightly higher this morning as well.
At about 8:30 a.m. ET, Germany’s DAX is up 0.47% at 6,434.28 and France’s CAC 40 is up 0.53%, at 3,338.99. In London, the FTSE 100 is up 0.78%, at 5,772.99.
In Asia, Hong Kong’s exchange was closed Monday. The Nikkei index closed down -0.01%, at 8,765.90, and the Shanghai exchange was closed Monday.
Dow futures are up 0.14%, at 12,672.00. The Nasdaq 100 is up 0.14%, at 2,438.25 and the S&P is up 0.07%, at 1,311.70.
In the currency markets, the US dollar is weaker against the euro and the Japanese yen, and up slightly against the British pound. The US dollar index is down -0.498% at 79.757.
In commodities, WTI and Brent crude are higher this morning, with WTI up 0.96% at $99.27/barrel and Brent up 1.04% at $111.00/barrel. Gold is up 0.67% this morning, at $1,675.10/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.