Morning Wire — US Stock-Index Futures Down Sharply

Photo of Paul Ausick
By Paul Ausick Published
This post may contain links from our sponsors and affiliates, and Flywheel Publishing may receive compensation for actions taken through them.

Invalid Image
US index futures are down sharply this morning as investors express concern over last week’s lower-than-expected US job gains. Asian markets especially are worried that projected growth of US GDP is in danger. Also in Asia, China reported a higher-than-expected increase in consumer prices to 3.6%. Economists expect the Chinese government to ease current lending and banking restrictions.

At about 8:45 a.m. ET, Germany’s DAX is down -0.13% at 6,775.26 and France’s CAC 40 is up 0.19% at 3,319.81. In London, the FTSE 100 is up 0.35%, at 5,723.67.

In Asia, the Nikkei closed down -1.47% at 9,546.26. The Hang Seng index closed down -0.95 at 20,593.00 and Shanghai closed down -0.90% at 2,285.78.

Dow futures are down -0.93%, at 12,857.00. The Nasdaq is down -1.03%, at 2,725.50 and the S&P is down -1.08%, at 1,375.20.

In the currency markets, the US dollar is stronger against the euro and the British pound, and weaker versus the Japanese yen. The US dollar index is up 0.06% at 79.932.

In commodities, WTI and Brent crude are lower this morning, with WTI down -1.5% at $101.76/barrel and Brent is down -1.25% at $121.89/barrel. Gold is up 1.03% this morning, at $1,646.90/ounce.

Paul Ausick

Photo of Paul Ausick
About the Author 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.

Continue Reading

Top Gaining Stocks

AKAM Vol: 21,556,944
MU Vol: 65,135,624
INTC Vol: 227,504,426
MNST Vol: 15,284,847
DELL Vol: 12,167,525

Top Losing Stocks

MSI Vol: 3,101,643
EXPE Vol: 4,189,786
CTRA Vol: 73,319,495