U.S. Futures Show Mixed Movement, Crude Oil Prices Inch Up
09 Abril 2024 - 7:42AM
IH Market News
U.S. index futures show mixed movement in pre-market trading
this Tuesday, as Wall Street turns its attention to the imminent
inflation data and corporate earnings results.
At 06:01 AM, Dow Jones futures (DOWI:DJI) fell 11 points, or
0.03%. S&P 500 futures rose 0.07%, and Nasdaq-100 futures
gained 0.15%. The yield rate of 10-year Treasury bonds was at
4.396%.
In the commodities market, West Texas Intermediate crude oil for
May rose 0.25%, to $86.65 per barrel. Brent crude oil for June rose
0.30%, near $90.66 per barrel. Iron ore traded for September on the
Dalian exchange rose to $106.76 per metric ton.
European markets are mostly down in Tuesday’s trading after
gains on Monday. BP (LSE:BP.) stands out with an
increase after announcing an expectation of higher oil and gas
production, while Atos SE (EU:ATO) faces
volatility after revealing its refinancing plan.
HSBC (LSE:HSBA) announced the sale of its
Argentine operations, and Shell (LSE:SHEL) is
pondering listing options, including a possible move to New
York.
Asian markets had a mixed Tuesday, with investors reacting to
various economic indicators. Consumer confidence in Japan reached
the highest level since May 2019, while in Australia, business
conditions and confidence remained stable in March, according to
the National Australian Bank. Japan’s Nikkei 225 index showed an
increase of 1.08%, in contrast to South Korea’s Kospi, which
recorded a -0.46% drop. Hong Kong’s Hang Seng and Australia’s ASX
200 rose 0.7% and 0.45%, respectively. Other highlights include the
monetary authority of Hong Kong discussing extending financial
integration with China and Lee Boo Jin, CEO of Shilla Hotels, who
sold US$ 326 million in shares of Samsung
Electronics (USOTC:SSNHZ) to cover inheritance taxes
related to the death of her father, Lee Kun-hee.
U.S. stocks showed little variation on Monday, with the main
indexes fluctuating near stability, closing mixed. Caution
prevailed in the market ahead of important inflation data and the
Fed minutes. Sectors such as aviation and steel stood out on the
day, contrasting with a slight retraction in gold stocks.
On the quarterly earnings front, Tilray
(NASDAQ:TLRY), Cognyte Software (NASDAQ:CGNT), and
Neogen Corp (NASDAQ:NEOG), among others, are
scheduled to present financial reports before the market opens.
After the close, numbers from WD-40 Company
(NASDAQ:WDFC), PriceSmart (NASDAQ:PSMT), Smart Global
Holdings (NASDAQ:SGH), Aehr Test Systems
(NASDAQ:AEHR), RCI Hospitality Holdings
(NASDAQ:RICK), and more are awaited.
Samsung Electronics (PK) (USOTC:SSNHZ)
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