Morning Wire — US Stock-Index Futures Mostly Flat

US index futures can’t find much to get excited about one way or the other this morning. Debt downgrades to six European countries were no surprise last night, and a big jump in investor confidence in Germany hasn’t been enough…

Published February 14, 2012, 8:23am ET · 1 min read

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US index futures can’t find much to get excited about one way or the other this morning. Debt downgrades to six European countries were no surprise last night, and a big jump in investor confidence in Germany hasn’t been enough to light a fire under futures traders. In Asia, Japan’s central bank added $128 billion to its asset purchase plan and set an inflation target of 1% for now. Today’s report on US retail sales is expected to be very good, up 0.7% and, excluding new car sales, up 0.5%.

At about 8:15 a.m. ET, Germany’s DAX is up 0.17% at 6,749.66 and France’s CAC 40 is up 0.08%, at 3,387.24. In London, the FTSE 100 is down -0.02%, at 5,904.70.

In Asia, the Hang Seng index closed up 0.15%, at 20,917.80 and the Nikkei index closed up 0.59%, at 9,052.07. The Shanghai exchange closed down -0.30%, at 2,344.77.

Dow futures are down -0.02%, at 12,833.00. The Nasdaq 100 is up 0.03%, at 2,568.50 and the S&P is down -0.05%, at 1,348.40.

In the currency markets, the US dollar is stronger against the British pound, the euro, and the Japanese yen. The US dollar index is up 0.04% at 79.170.

In commodities, WTI and Brent crude are mixed this morning, with WTI up 0.30% at $101.21/barrel and Brent is down -0.08% at $117.84/barrel. Gold is down -0.41% this morning, at $1,717.90/ounce.

Paul Ausick

Contact [email protected] for any questions or corrections.

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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