Futures higher on news from Greece
Evan McDaniel | firstname.lastname@example.org
U.S. equity futures are higher this morning as investors await today's Fed announcements.
S&P 500 futures are up 2.75 points, or 0.20 percent, to 1353.25. The Nasdaq 100 contracts are up 8.50 points, or 0.33 percent, at 2621 as the dollar declines against the euro. The euro/dollar is higher by 0.15 percent to 1.2718, boosted by rumors Greece may agree on a new government today.
Crude oil is up indicating a higher by 0.23 or 0.27 percent at 84.57. Spot gold futures are down more than 10 points, or 0.66 percent, to 1612.90.
Copper futures continue to slide, down 0.39 percent to 3.42 after trading as low as 3.41 in early morning trading, possibly in reaction to the Fed's decision this afternoon at 2:15 p.m. ET.
Despite the strength in commodities and U.S. futures, European indexes are mixed with the Euro STOXX 50 down by 0.08 percent, though the FTSE 100 is higher by 0.46 percent. Asian indexes closed green with the Nikkei 225 adding 1.11 percent, while the TOPIX added 1.72 percent and Hong Kong added 0.53 percent.
As noted yesterday, if the euro continues to gain ground throughout today's session, equity and commodity prices will have risk to upside.
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