OptionsHouse

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 try to rebound from drop

May 27, 2015

S&P 500 futures are up almost 0.1 percent after the index had its biggest drop in three weeks. European markets gained about 0.5 percent.

SPX

Mortgage data, Costco on docket

May 27, 2015

Weekly mortgage applications at 7 a.m. ET are the only data report. Michael Kors, Tiffany, Toll Brothers, and Cisco are scheduled to announce quarterly results.

SPX

Futures churn before key numbers

May 26, 2015

S&P 500 futures are off less than 0.1 percent, while indexes across the Atlantic were mixed. Asia continued to rally, led by a 2 percent gain in Shanghai.

SPX

Durable goods, consumer data due

May 26, 2015

Investors return from Memorial Day to a busy calendar. Today brings two major events with the potential to move markets: durable-goods orders and consumer confidence.

SPX

Stocks drift before long weekend

May 22, 2015

S&P 500 futures are unchanged, and European indexes are mixed. Shanghai surged almost 3 percent overnight, Seoul was up more than 1 percent.

OptionsHouse

Premium Services

Archived Webinar

Education & Strategy

Long synthetic call

Long and short Synthetic stock are two of the six basic synthetic positions that exist. Number three on our list is the Synthetic Long Call...

View more education articles »