Translate

Search This Blog

Search Tool




Asian Markets at Close Report

European Markets at Close Report

Mar 21, 2017

U.S. Stock Market Future Indications on March 21, 2017: Futures Suggest a Higher Open on Wall Street as Oil Prices Rebbound



cnbc.com
 
Silvia Amaro
U.S. stock index futures pointed to a slightly higher open on Tuesday as traders focus on earnings and rising oil prices.

The commodity moved higher following media reports that OPEC countries will extend their output freeze deal.
On the data front, Tuesday will see the release of the fourth quarter current account figures at 8:30 ET.
On the earnings front, General Mills and Lennar reported before the bell. Shares of General Mills dipped 0.8 percent in the premarket, while Lennar's stock rose 0.8 percent. FedEx, Nike and Petrobras are all due to report after the market close.
In Europe, the pan-European Stoxx-600 index was around 0.1 percent higher on Tuesday. In Asia, the Shanghai Composite in China closed 0.35 percent higher, while the Nikkei in Japan closed 0.34 percent lower.
In oil markets, Brent crude traded at around $51.98 a barrel on Tuesday, up 0.7 percent, while U.S. crude was around $49.26 a barrel, up 0.7 percent.