Morning Wire — US Stock-Index Futures Higher

US index futures are higher this morning following the lead of both European and Asian marketsd which also moved higher today. In Europe, energy and financial stocks are leading the morning’s uptick, as crude prices continue to rise and banks…

Published February 24, 2012, 8:22am ET · 1 min read

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US index futures are higher this morning following the lead of both European and Asian marketsd which also moved higher today. In Europe, energy and financial stocks are leading the morning’s uptick, as crude prices continue to rise and banks look forward to next week’s blast of cash from the ECB (more coverage here). In Asia, markets responded to yesterday’s good report on German business confidence and rising energy and raw materials costs.

At about 8:15 a.m. ET, Germany’s DAX is up 0.80% at 6,863.92 and France’s CAC 40 is up 0.53%, at 3,465.71. In London, the FTSE 100 is up 0.14%, at 5,946.22.

In Asia, the Hang Seng index closed up 0.12%, at 21,406.90 and the Nikkei index closed up 0.54%, at 9,647.38. The Shanghai exchange closed up 1.25%, at 2,439.63.

Dow futures are up 0.12%, at 12,990.00. The Nasdaq 100 is up 0.09%, at 2,603.00 and the S&P is up 0.17%, at 1,365.20.

In the currency markets, the US dollar is weaker against the euro and the British pound, but stronger versus the Japanese yen. The US dollar index is down -0.19% at 78.485.

In commodities, WTI and Brent crude are higher this morning, with WTI up 0.45% at $108.32/barrel and Brent is up 0.13% at $123.78/barrel. Gold is down -0.43% this morning, at $1,778.70/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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