Market Overview

US Stock Futures Up After Upbeat China Data

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US stock futures are higher this morning, as investors are awaiting consumer prices and industrial production data. Futures for the Dow Jones Industrial Average surged 37 points to 13,131.00 and S&P 500 index futures rose 3.40 points to 1,415.40. Nasdaq 100 futures climbed 2.25 points to 2,649.25.

US stocks closed lower on Thursday, with the Dow Jones Industrial Average dropping 0.56% to 13,170.72, the S&P 500 index falling 0.63% to 1,419.45 and the Nasdaq 100 index declining 0.72% to 2,992.16.

Data on consumer prices will be released at 8:30 a.m. ET, while industrial production data will be released at 9:15 a.m. ET.

Adobe Systems (NASDAQ: ADBE) reported better-than-expected fiscal fourth-quarter results.

VeriFone Systems (NYSE: PAY) issued downbeat first-quarter earnings forecast.

MDC Holdings (NYSE: MDC) declared a cash dividend of $1.00 per share.

Quiksilver (NYSE: ZQK) reported weaker-than-expected fiscal fourth-quarter results.

European markets were mixed today. The STOXX Europe 600 Index rose 0.09%, London's FTSE 100 Index dropped 0.08%, French CAC 40 Index declined 0.12% and German DAX 30 index rose 0.25%.

Asian markets ended mostly higher, with Japan's Nikkei Stock Average falling 0.05%, China's Shanghai Composite jumping 4.32% and Australia's S&P/ASX 200 rising 0.05%. Hong Kong's Hang Seng Index rose 0.71% and India's Sensex climbed 0.46%.

HSBC's China manufacturing PMI surged to 50.9 in December.

Crude-oil for January delivery surged $0.76 to trade at $86.65 a barrel, while gold for February delivery gained $0.70 to $1,697.50 an ounce.

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


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