U.S. equity futures are trading slightly higher in pre-market to begin a new week of trading. Overnight manufacturing data in China indicated anemic activity for the export giant in the first quarter of 2014. Talks of yet another potential government stimulus prospect quickly helped to mitigate concerns over the recent slowdown.
Gold Futures (/GC) continue to see selling pressure again this morning by giving up another 1% of value pre-market. The precious metal has now surrendered nearly 5% since last week’s high. Oil futures (/CL) have just topped $100 and will closely be watched around the psychological level.
The Flash Manufacturing PMI number scheduled to be released just after the market open is the only piece of note-worthy domestic reporting for the day. With such little resistance in the way of news, the S&P 500 may likely attempt to make another push above Friday’s all-time high of $1883.97. The earnings story will be muted today with no major companies reporting until tomorrow. Government meetings commencing in The Netherlands may be a wildcard all week if any rhetoric regarding Russia becomes a more aggressive tone than the recent non-action.
Stock Stories:
Apple (AAPL) –Stream it? – Apple allegedly in talks with Comcast to provide streaming service for content. The stock is up 1% pre-market following the report.
Cisco (CSCO) –Head in the Clouds? – Cisco looks to reinvent itself by spending upwards of $1 Billion over the next 2 years to develop the world’s largest global inter-cloud technology. The move may directly challenge Amazon’s recent dominance as several major telecom partners have already jumped on board.
Major Economic Reports:
8:45 am CT – Flash Manufacturing PMI
Notable Earnings:
Before Market: N/A
After Market: N/A
Tuesday – 3/25: CCL, FIVE, WAG |
发表于 2014-3-24 08:58
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