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

Home prices, consumer data on tap

July 29, 2014

The Case-Shiller index of home prices, scheduled for release at 9 a.m. ET, is expected to show an increase of 10 percent in May. Consumer confidence follows an hour later.

SPX

Futures slip as market awaits news

July 28, 2014

S&P 500 futures are down about 0.1 percent, while Europe is mixed. Shanghai gained more than 2 percent ovenright after Chinese data showed industrial profit growth almost doubling in June.

SPX

Pending home sales lead calendar

July 28, 2014

The economic calendar begins slowly this week but grows increasingly busy. The main data report today is pending home sales at 10 a.m. ET.

SPX

Futures lower after Amazon misses

July 25, 2014

S&P 500 futures and Nasdaq 100 futures are slightly lower with the e-commerce giant down more than 10 percent. European trading is mixed, while Asian bourses were mostly higher overnight.

SPX

Quiet calendar before busy week

July 25, 2014

The only economic headline is Germany's Ifo survey of business conditions ahead of a full calendar next week. AbbVie, LyondellBassell, Tyco, Vodafone, and Xerox issue quarterly results today.

Premium Services

Free Webinars

Education & Strategy

How to navigate earnings season

We are embarking on one of the most frustrating times for new option traders: earnings season.Many new traders buy options,...

View more education articles »
optionMONSTER stockMONSTER tradeMONSTER