Markets
CS

Stock Futures Get a Boost From Oil, Chinese Inflation Data, Weaker Yen

Dice with pencil on graph paper

Stock futures were trading higher before Tuesday's open with firm oil prices and encouraging inflation data from China buoying global equities. Dow futures were 75 points above fair value, outpacing gains in S&P 500 and Nasdaq futures.

Asian and European markets applauded unchanged April CPI from China, as well as the continued depreciation in the yen. Upbeat earnings from Europe were also supportive as a beat from Credit Suisse ( CS ) underpinned the banking sector.

Economic data includes March wholesale inventories (expected +0.3%) and the March job openings and labor turnover survey at 10am ET.

-Dow Jones Industrial up 0.38%

-S&P 500 futures up 0.38%

-Nasdaq 100 futures up 0.25%

SENTIMENT

Nikkei up 2.15%

Hang Seng up 0.43%

Shanghai Composite up 0.04%

FTSE-100 up 0.28%

DAX-30 up 0.49%

PRE-MARKET SECTOR WATCH

(+/-) Large cap tech: Higher

(+/-) Chip stocks: Higher

(+/-) Software stocks: Higher

(+/-) Hardware stocks: Higher

(+/-) Internet stocks: Higher

(+/-) Oil stocks: Higher

(+/-) Biotech stocks: Mixed

(+/-) Drug stocks: Higher

(+/-) Financial stocks: Higher

(+/-) Retail stocks: Mixed

(+/-) Industrial stocks: Higher

(+/-) Airlines: Higher

(+/-) Autos: Higher

UPSIDE MOVERS:

(+) CCXI (+98.57%) Galenica Group's Vifor Pharma has licensed rights to commercialize CCX168, reported wider-than-expected loss

(+) STMP (+17.05%) Q1 earnings reported record Q1 results, crushing expectations

(+) SODA (+10.39%) Beats Wall Street Q1 estimates, revenue rises from year-ago

DOWNSIDE MOVERS:

(-) NLNK (-32.42%) Pancreatic cancer therapy misses primary study goal

(-) SCTY (-18.66%) Beats Q1 sales estimates but EPS loss is wider than expected

(-) LL (-11.52%) Reports wider-than-expected Q1 loss, comp sales down 13.9%

(-) GPS (-11.37%) Sales misses estimates, comps down 7%

(-) BLOX (-8.18%) Warned Q1 revenue would be below estimates

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

Copyright (C) 2016 MTNewswires.com. All rights reserved. Unauthorized reproduction is strictly prohibited.


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

In This Story

CS

Other Topics

Stocks

Latest Markets Videos