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US Equities Futures Edge Up as Yellen Soothes Nerves


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U.S. equities futures pointed to a higher open on Tuesday after Federal Reserve Chair Jane Yellen on Monday calmed investors' concerns that a rate hike would take place in June, ahead of the U.K. vote on whether the country will remain in the European Union.

Yellen cited the Brexit vote and challenges in both China and Europe as global risks to the economy and didn't give a time frame for another rate hike.

In economic data, at 8:30 a.m. E.T., non-farm productivity is expected to show an improvement to a negative 0.6% for Q1 from a negative 1.0 in Q4. The consensus range is between a negative 0.8% and unchanged, according to data compiled by Econoday. Unit labor costs are meanwhile seen unchanged at 4.1%, in the consensus range between 3.7% and 4.7%.

In equities, LDR Holdings ( LDRH ) surged 63% in pre-market trade after Zimmer Biomet ( ZBH ) agreed to acquire the medical device company y for $37 per share, a near 64% premium to Monday's close.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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This article appears in: Investing , Stocks
Referenced Symbols: ZBH


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