Before the opening bell, futures were up slightly on the major
( INDEXDJC:.DJI) futures rose 0.05% to 16,389.
(INDEXSP:.INX) futures were up 0.05% to 1,872.60.
(INDEXNASDAQ:.IXIC) futures had fractionally higher percentage
gains, up .11% to 3,721.00.
Global markets have steadied after a tumultuous start to the week
as US Secretary of State John Kerry and Russian Foreign Minister
Sergey Lavrov meet today in Paris to discuss a resolution to the
conflict in Ukraine. Parallel talks will be held in Brussels
between NATO and Russia.
The European Union
Ukraine $15 billion in aid on Wednesday. This follows a $1 billion
aid package offered by the US on Tuesday.
In Asia, markets mostly closed higher except for in China, where
officials announced the country will
its growth target at 7.5% in 2014. Some in China had feared the
goal would be lowered as the government pursues economic reform. In
an address to parliament, however, Premier Li Keqiang made it clear
that reforms would not slow GDP growth. Legislators also announced
a 12% hike in military spending.
Meanwhile, a bond default is
in China's $1.5 trillion corporate bond market. Shanghai Chaori
Solar Energy Science and Technology may not be able to make a $14.6
million interest payment before it's due on Friday. This will be
China's first onshore corporate bond default.
In other world economic news, eurozone GDP
0.50% in Q4, thanks in part to German growth. Australia's GDP grew
as well in Q4, topping analyst estimates after registering at 0.8%
through the end of 2013.
a $3.9 trillion budget for fiscal year 2015. The plan will continue
to try and reduce the deficit, which is projected to be $649
billion this year. Among the plan's notable features were higher
taxes for energy companies and increased spending on
ADP non-farm payrolls
by 139,000 in February. The increase came in under expectations,
which were pegged at 160,000 jobs. January's figure was revised
down, lowered from 175,000 to 127,000.
The US Supreme Court
will hear arguments
in a class action lawsuit against
). A group of shareholders are claiming the company, once headed by
former Vice President Dick Cheney, falsified its financial numbers,
among other infractions. The court's decision could have
broad-reaching consequences for class-action lawsuits that involve
A number of indicators are expected today: PMI Services Index was
out at 9 a.m. ISM Non-Manufacturing Index consensus will be
released at 10 a.m. Global Composite PMI and Global Services PMI
come at 11 a.m. The Fed releases its Beige Book at 2 pm.
) Q4 EPS
analyst estimates by $.07 at $1.28. Revenue was slightly lower than
expected at $1.8 billion. Comparable stores sales were up 1.2%.
Shares were up 1.95% in
) will release earnings today at 9:30 a.m. On Tuesday, BMO Capital
lowered its price target for Revlon from $29.00 to $25.00. Shares
of Revlon closed up 4.97% at $24.92 during yesterday's session.
) stand to lose if the situation between Russia and the Ukraine
Barrons. Pipelines running throughout the region supply one-third
of Europe's oil and natural gas, and could, to a lesser degree,
affect companies like
(WFT), and Halliburton.
Chipotle Mexican Grill
in an annual report that global warming could force it to suspend
menu items such as guacamole and salsa. The company uses
approximately 18,000 tons of avocados a year. Shares were up 1.64%
in pre-market trading.
Speaking at the Geneva Motor Show,
they expect European and Asian sales to double this year. Shares
were up .51% in pre-market trading.
(XOM) have analyst meetings today.