Click on chart for more premarket data.
NEW YORK (CNNMoney) -- U.S. stocks were poised to open higher Tuesday ahead of a relatively light day in economic reports.
European markets were mixed in morning trading, as worries grow about the health of Spanish banks. An assessment by credit rating agency Moody's claims Spain's banks are at greater risk of a capital shortfall than the government estimated last week. Britain's FTSE 100 rose 0.1%, the DAX in Germany gained 0.3% and France's CAC 40 remained flat.
Moody's is expected to soon revise its rating on Spanish bonds.
Meanwhile, in Asia, Japan's Nikkei ended down 0.1%. Markets in Shanghai and Hong Kong were closed for a holiday. On Tuesday, Australia's central bank cut its interest rates to 3.25% over concerns on the impact of China's slowing growth.
In the United States, automakers will be in focus Tuesday, with reports on September sales set to be released.
The data follows a report from the Institute for Supply Management Monday that showed the first expansion in the U.S. manufacturing sector in four months.
U.S. stocks pared gains Monday afternoon to finish mixed following comments from Federal Reserve chairman Ben Bernanke.
Related: Economists say fiscal cliff a serious threat, but unlikely
Companies: JPMorgan (JPM, Fortune 500) shares slid 1.6% in premarket trading, after news that New York attorney general Eric Schneiderman sued the firm over the sale of mortgage-backed securities during the housing bubble.
A judge ruled Monday that Samsung should be allowed to sell its Galaxy Tab 10.1 tablet computer in the U.S., the latest development in a long-running patent dispute between the electronics maker and Apple (AAPL, Fortune 500).
Currencies and commodities: The dollar fell against the euro and British pound but rose versus the Japanese yen.
Oil for November delivery rose 20 cents to $92.68 a barrel.
Gold futures for December delivery fell $1.90 to $1,781.40 an ounce.
Bonds: The price on the benchmark 10-year U.S. Treasury fell, pushing the yield up to 1.64% from 1.62% late Monday.
No comments:
Post a Comment