Futures pull back as euro weakens
Evan McDaniel | email@example.com
Weakness in the euro is pressuring U.S. equity indexes, which bounced between positive and negative territory overnight.
S&P 500 futures are down 3.25 points, or 0.21 percent, to 1394 after trading as high as 1403.75 earlier today. Nasdaq 100 futures are off 1 point, or 0.05 percent, to 2708 as of this writing.
Much of the decline in can be attributed to the euro falling and the dollar gaining. The euro/dollar is trading at 0.43 percent to 1.2308, down from a high of 1.238 overnight.
European stocks are lower as well, with the German DAX dropping 0.82 percent and the U.K. FTSE 100 declining 0.22 percent.
Asian indexes closed higher on more hopes of stimulus measures from Beijing after China reported slowing manufacturing numbers while inflation remains low. Japan's Nikkei 225 surged 1.1 percent and Hong Kong's Hang Seng rose 1.02 percent.
Commodities are off their session highs, with copper down 0.42 percent to 3.4075. Spot gold prices are down 3.20 points, or 0.2 percent, to 1612. Crude-oil futures are up 0.16 percent to 93.48.
Stocks attempt to stage a rebound
May 17, 2013
The main catalyst for the buyers appears to be coming from Asia, where Tokyo and Shanghai indexes rallied overnight amid positive Japanese economic data and signs that Chinese authorities will reduce economic regulations.
Equities are hovering at record levels
May 16, 2013
S&P 500 futures are indicated to open fractionally lower but have been nudging higher throughout the morning. The Nasdaq is up almost two-tenths of a percent after strong numbers from Cisco.
Equities in range after big gains
May 15, 2013
S&P 500 futures are little-changed, while most European indexes are posting small gains. Asian markets were mostly positive overnight, led by a 2 percent rally in Tokyo.
Wide range of events on calendar
May 15, 2013
German, France, and Italy will report preliminary gross domestic product numbers early in the morning, which could affect sentiment before the opening bell.
Another record day on Wall Street?
May 14, 2013
S&P 500 futures are fractionally higher after earlier falling by more than one-tenth of a percent. Europe is also fighting its way back to positive after posting slightly larger declines.