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US Stock Futures Up After China Data

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US stock futures are higher this morning, after upbeat data from China. Futures for the Dow Jones Industrial Average jumped 102 points to 12,492.00 and S&P 500 index futures rose 11.20 points to 1,300.10. Nasdaq 100 futures gained 22.75 points to 2,396.25.

US stocks closed lower on Friday, with the Dow Jones Industrial Average dropping 0.39% to 12,422.06, the S&P 500 index declining 0.50% to 1,289.09 and the Nasdaq 100 index dipping 0.52% to 2,710.67.

The Empire State Manufacturing Survey for January will be released at 8:30 a.m. ET.

TD Ameritrade Holding Corp (NASDAQ: AMTD) is projected to report its Q1 earnings at $0.26 per share on revenue of $672 million. Forest Laboratories Inc (NYSE: FRX) is estimated to report its Q3 EPS at $1.01 on revenue of $1.18 billion.

Wells Fargo & Company (NYSE: WFC) is projected to report its Q4 earnings at $0.72 per share on revenue of $20.08 billion. McMoRan Exploration Company (NYSE: MMR) is expected to post a Q4 loss at $0.13 per share on revenue of $116.54 million.

Citigroup Inc (NYSE: C) is projected to report its Q4 earnings at $0.59 per share on revenue of $18.6 billion. M&T Bank Corporation (NYSE: MTB) is projected to report its Q4 EPS at $1.46 on revenue of $991.95 million. Cree Inc (NASDAQ: CREE) is expected to post its Q2 EPS at $0.26 on revenue of $309.85 million.

Lions Gate Entertainment Corp (NYSE: LGF) announced its plans to acquire Summit Entertainment for $412.5 million in cash and stock.

Walter Energy Inc (NYSE: WLT) lowered its Q4 earnings forecast.

European markets were higher today. The STOXX Europe 600 Index rose 0.98%, London's FTSE 100 Index moved up 0.91%, French CAC 40 index rose 1.42% and German DAX 30 index surged 1.70%.

Asian markets ended higher, with Japan's Nikkei Stock Average surging 1.0508%, China's Shanghai Composite surging 4.18% and Australia's S&P/ASX 200 moving up 1.63%. Hong Kong's Hang Seng Index rose 3.2377% and India's Sensex gained 1.71%.

China's gross domestic product in the October to December period climbed 8.9% y/y.

Posted-In: US Stock FuturesNews Futures Global Pre-Market Outlook Markets

 

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