Markets

US Futures Point North Ahead of Data

US stock futures were in positive territory on Friday as earnings season winded down and as investors looked ahead to the release of a monthly reading in US consumer sentiment and import prices.

Oil prices were narrowly mixed on Friday with global benchmark Brent Crude down 0.18%, and US crude West Texas Intermediate up 0.04% recently as traders took a breather after the United States decided to pull out from the Iran nuclear deal, while keeping an eye on the latest data on US shale production.

At 8:30 am, data are expected to show moderate increases of 0.5% and 0.3% in import and export prices, respectively, for April, according to data compiled by Econoday.

At 10 am, the consumer sentiment is expected to move higher in the preliminary reading for May to 99.0 vs April's final reaading of 98.8.

In equities, shares of Stellar Biotechnologies ( SBOT ) were trading 42% lower pre-bell after the company priced a public offering of common stock and warrants at a combined offering price of $2.65 per unit for total expected gross procceeds of $5.5 million.

Federal Reserve President James Bullard is scheduled to speak.

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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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