Learn the trade here. Make it on tradeMONSTER

Options Trading News

January 8, 2013  Tue 7:13 AM CT

SPX: SEE CHART GET CHAIN FIND STRATEGIES
Stock futures are hovering this morning, though sentiment is brightening as European indexes fight back from earlier losses.

S&P 500 futures are down slightly after closing in the middle of their trading range yesterday. The British FTSE 100 and the German DAX modestly, while France's CAC 40 is up by more than half a percentage point. All of them had been negative earlier but turned green after a survey of Eurozone economic sentiment came in stronger than expected.

Most Asian markets fell overnight after American equities closed in the red yesterday. The S&P 500 had rallied strongly last week and has been paused at a resistance level from October as investors await earnings season, which begins this afternoon with Alcoa's quarterly report.

Foreign-exchange trading and commodities are painting a modestly bullish picture. While the euro is little-changed, the Australian and Canadian dollars are higher against the greenback. Because of their raw-material exports, both tend to follow expectations about the global economy. The big negative in the currency market is strength in the Japanese yen.

Oil and copper, which are leveraged to the global economy as well, have also been pushing higher throughout the pre-market session and are now both positive. Precious metals are modestly higher as gold and silver attempt to find support after recent losses. Most agricultural foodstuffs are lower.

In company-specific news, Yum Brands is indicated to open lower after the fast-food giant reported weak sales in China. Agribusiness giant Monsanto is higher about 4 percent after announcing strong earnings and raising its guidance.
Share this article with your friends


Related Stories

SPX

Stocks drift before retail sales

September 12, 2014

S&P 500 were fractionally positive but are now down less than 0.1 percent. European markets are little-changed, while Asia was mostly higher overnight.

SPX

Retail, consumer data on docket

September 12, 2014

Today's economic agenda focuses on the U.S. consumer, with retail sales at 8:30 a.m. ET and consumer sentiment at 9:55 a.m. ET.

SPX

Commodities weigh down futures

September 11, 2014

S&P 500 futures are off 0.3 percent, while economically sensitive products like oil and copper are down more than 1 percent. Europe is fractionally lower, and most Asian indexes also saw small declines.

SPX

Labor, German inflation data on tap

September 11, 2014

The Labor Department reports weekly jobless claims at 8:30 a.m. ET. Economists forecast that 300,000 Americans sought unemployment benefits.

SPX

Stocks trying to hold after pullback

September 10, 2014

S&P 500 futures are little-changed after inching higher about two hours ago. Most overseas markets fell in both Europe and Asia, though a weak Japanese yen remains a positive for bullish sentiment.

Premium Services

Free Webinars

Swing Trading w/ Jon Najarian and Ron Ianieri

Education & Strategy

When to listen (and not talk)

Success is often built on listening. I just spent a few days on vacation with the family, with a number...

View more education articles »
optionMONSTER stockMONSTER tradeMONSTER