Morning Wire — US Stock-Index Futures Higher Again
US index futures are higher this morning following on expectations of continuing improvement in the US economic picture. The employment report from ADP shows new job gains of 170,000 in January, slightly lower than the consensus estimate of 172,000. Later…
At about 8:15 a.m. ET, Germany’s DAX is up 2.2% at 6,600.97 and France’s CAC 40 is up 1.50%, at 3,348.09. In London, the FTSE 100 is up 1.38%, at 5,759.77.
In Asia, the Hang Seng index closed down -0.28%, at 20,333.40 and the Nikkei index closed up 0.08%, at 8,809.79. The Shanghai exchange closed down -1.07%, at 2,268.08.
Dow futures are up 0.72%, at 12,667.00. The Nasdaq 100 is up 0.52%, at 2,477.00 and the S&P is up 0.67%, at 1,316.90.
In the currency markets, the US dollar is weaker against the British pound, the euro, and the Japanese yen. The US dollar index is down -0.535% at 78.854.
In commodities, WTI and Brent crude are higher this morning, with WTI up 0.39% at $98.86/barrel and Brent is up 1.07% at $112.17/barrel. Gold is up 0.43% this morning, at $1,747.90/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.