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Markets

Futures down but Europe, Asia gain

U.S. stocks futures indicate a lower open today after the markets climbed for four straight sessions and as European finance officials meet in Poland.

The major U.S. indexes are down 0.3 to 0.4 percent despite strength overseas. The German DAX is leading European shares higher with a gain of more than 1 percent, followed by the FTSE-100 and the Belgian and Swiss indexes. The gains were even stronger overnight in Asia, where Korea rallied almost 4 percent while Taiwan and Japan climbed more than 2 percent.

The currency market is showing modest risk aversion as the Swiss franc climbs and the euro falls. Gold and silver are also up, but crude oil is down slightly.

European leaders are trying to determine the collateral needed for continued loans to support Greece. Agreement isn't expected today, and the big event for traders could be a speech by European Central Bank chief Jean-Claude Trichet after European markets close.

Other events that could increase volatility include the release of consumer sentiment data at 9:55 a.m. ET and monthly options expiration at today's close.

The biggest company news of the day came after the bell last night when Research In Motion missed forecasts by a wide margin. The BlackBerry maker's shares are down 20 percent in the pre-market today.

Yahoo, on the other hand, is up 1.4 percent amid reports that investors including Silver Lake Partners are interested in buying or breaking up the company.

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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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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