Morning Wire — US Stock-Index Futures Dropping
US index futures are lower this morning following an announcement from Spain that it was unilaterally raising its budget deficit target to 5.8% of GDP, much higher than the 4.4% that the country had agreed to with the EU. The…
At about 8:15 a.m. ET, Germany’s DAX is down -0.43% at 6,911.71 and France’s CAC 40 is down -0.10%, at 3,496.17. In London, the FTSE 100 is down -0.31%, at 5,912.64.
In Asia, the Hang Seng index closed up 0.81%, at 21,562.30 and the Nikkei index closed up 0.72%, at 9,777.03. The Shanghai exchange closed up 1.43%, at 2,460.69.
Dow futures are down -0.25%, at 12,941.00. The Nasdaq is down -0.28%, at 2,635.75 and the S&P is down -0.36%, at 1,369.50.
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 0.71% at 79.344.
In commodities, WTI and Brent crude are lower this morning, with WTI down -0.74% at $108.03/barrel and Brent is down -1.12% at $124.79/barrel. Gold is down -0.63% this morning, at $1,711.30/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.