Options Trading News

September 12, 2012  Wed 7:08 AM CT

U.S. equity index futures are higher this morning after a German court ruling favored the Eurozone bailout plan and before the Fed begins its two-day meeting.

S&P 500 futures are up 6.50 points, or 0.45 percent, to 1436.75 at the time of this writing. Nasdaq 100 contracts are higher by 15.50 points, or 0.56 percent, to 2794.25.

European indexes are gaining as well, with the German DAX and the Euro STOXX 50 both up 0.79 percent. The U.K. FTSE 100 is higher by 0.07 percent after Irish bond prices climbed.

Asian indexes closed in positive territory in anticipation of further easing from the Fed and after assurances by Chinese Premier Wen Jiabao that Beijing has "ample" room to help stimulate the economy. Japan's Nikkei 225 rose 1.73 percent, and Hong Kong's Hang Seng added 1.1 percent.

Currency markets are reflecting the morning's bullish tone. The euro/dollar is off its high of 1.2948 but still up 0.28 percent at 1.291. U.S. Dollar Index futures are lower by 0.126 points, or 0.16 percent, to 79.96, while the Australian dollar/Japanese yen cross climbed to a monthly high of 81.82 in early trading.

Commodity markets are also gaining, with front-month crude-oil futures rising 0.38 points, or 0.41 percent, to 96.59 after trading as high as 98.06. Spot gold prices up 9.60 points, or 0.55 percent, to 1744.40 after trading as high as 1749.50. Copper futures are well off their overnight high of 3.7315 but remain positive by 0.07 points to 3.6995.

In company-specific news, Apple is up about 0.7 percent ahead of its widely anticipated launch of the iPhone 5 at 1 p.m. ET.

Facebook is back above the $20 mark with a 4.5 percent pre-market gain after CEO Mark Zuckerberg last night gave his first interview since the company's IPO.
Share this article with your friends

Related Stories


Stocks inching higher before ISM

December 1, 2015

S&P 500 futures are up 0.4 percent, undoing most of yesterday's late slide, while European markets are little-changed. Asia was mostly higher overnight.


ISM, autos, construction data due

December 1, 2015

Due at 10 a.m. ET, the Institute for Supply Management's manufacturing index is expected to show a reading of 50.4 for November, up from 50.1 the previous month.


Stocks inch higher before events

November 30, 2015

S&P 500 futures are up 0.2 percent but remain within their recent range. European markets rose fractionally and Asia fell overnight, led by a drop of almost 2 percent in Seoul.


Jobs, ECB, OPEC on full docket

November 30, 2015

The Chicago Purchasing Managers Index and pending home sales get the ball rolling today at 9:45 a.m. and 10 a.m. ET, respectively.


Stocks inch higher before data

November 25, 2015

S&P 500 futures are up about 0.1 percent, while most of Europe is rallying more than 1 percent. Asia was mostly lower overnight.



The fastest money in the market
View full report »

Premium Services

Education & Strategy

The art of trading

As I stated in last week's article, a break out or a break down needs to have a couple things happen before it is considered a confirmed break out or break down. The only problem is that in today's market where things move much more quicker than they did just a few years ago, two days could wind up being the majority of the expected movement, if not the whole movement.

View more education articles »