US Stock Futures Up; Citigroup Earnings, Retail Sales Data In Focus

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US stock futures are higher this morning, as investors are awaiting retail sales data and earnings from Citigroup
C
. Futures for the Dow Jones Industrial Average surged 47 points to 13,292.00 and S&P 500 index futures rose 6.50 points to 1,428.00. Nasdaq 100 futures gained 18 points to 2,728.00. US stocks closed mostly lower on Friday, with the Dow Jones Industrial Average rising 0.02% to 13,328.85, the S&P 500 index dropping 0.30% to 1,428.59 and the Nasdaq 100 index falling 0.17% to 3,044.11. Data on retail sales for September and the Empire State Index for October will be released at 8:30 a.m. ET. However, data on business inventories for August will be released at 10 a.m. ET. Citigroup is projected to report its Q3 earnings at $0.96 per share on revenue of $18.35 billion. Brown & Brown
BRO
is estimated to post its Q3 earnings at $0.35 per share on revenue of $311.00 million. The Charles Schwab
SCHW
is estimated to post its Q3 earnings at $0.17 per share on revenue of $1.20 billion. CEMEX, S.A.B. de C.V.
CX
is expected to report a Q3 loss at $0.06 per share on revenue of $3.95 billion. Gannett Co
GCI
is projected to report its Q3 earnings at $0.53 per share on revenue of $1.29 billion. Packaging Corp. of America
PKG
is expected to post its Q3 earnings at $0.56 per share on revenue of $720.57 million. Advanced Micro Devices
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AMD
is planning to cut around 20% of its workforce, a source familiar with the matter said. Softbank
SFTBF
agreed to buy around 70% stake in Sprint Nextel
S
for about $20.1 billion. European markets were higher today. The STOXX Europe 600 Index rose 0.73%, London's FTSE 100 Index gained 0.54%, French CAC 40 Index surges 1.29% and German DAX 30 index rose 0.87%. Asian markets ended mostly higher, with Japan's Nikkei Stock Average rising 0.51%, China's Shanghai Composite falling 0.30% and Australia's S&P/ASX 200 dropping 0.10%. Hong Kong's Hang Seng index rose 0.06% and India's Sensex gained 0.23%. Chinese consumer prices increased 1.9% y/y in September, versus 2% inflation rate in August, according to official data. Crude-oil futures for November delivery dropped $0.35 to trade at $91.51 a barrel. The ICE dollar index (DXY) fell 0.01% to trade at 79.67.
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Posted In: NewsFuturesGlobalPre-Market OutlookMarketsUS Stock Futures
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