Morning Wire — US Stock-Index Futures Higher

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By Paul Ausick Updated Published
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US index futures are higher this morning following the auction of 12- and 18-month Spanish debt. Demand was good, but yields on the 12-month bill rose from about 1.42% in March to 2.6% this month (our coverage here). In the US, March housing starts are announced this morning along with industrial production and utilization data. In Asia, foreign direct investment in China fell more than -6% year-over-year, pushing major indexes down slightly

At about 8:05 a.m. ET, Germany’s DAX is up 1.16% at 6,701.95 and France’s CAC 40 is up 1.31% at 3,247.41. In London, the FTSE 100 is up 0.79%, at 5,711.12.

In Asia, the Nikkei closed down -0.06% at 9,464.71. The Hang Seng index closed down -0.23% at 20,562.30 and Shanghai closed down -0.94% at 2,334.99.

Dow futures are up 0.48%, at 12,912.00. The Nasdaq is 0.36%, at 2,673.25 and the S&P is up 0.54%, at 1,371.20.

In the currency markets, the US dollar is stronger against the euro and the Japanese yen, and weaker against the British pound. The US dollar index is down -0.02% at 79.543.

In commodities, WTI and Brent crude are mixed this morning, with WTI up 0.69% at $103.64/barrel and Brent is down -0.09% at $118.57/barrel. Gold is up 0.39% this morning, at $1,656.10/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.

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