Futures Slightly Higher as Global Shares Drop
Top News
European Markets
Commodities
Currencies
EUR/USD
Earnings Reported Yesterday
BY Matthew Kanterman
Top News
- The Eurozone Manufacturing PMI rose to 48.3 in May from 47.8 in April on expectations of a flat reading with all major countries reporting better than expected results in the report. However, it still shows contraction in the manufacturing sector across Europe.
- England's Manufacturing PMI was also released this morning and showed further strength in the European economy as the PMI rose to 51.3 in May from an upwardly revised 50.2 in April on expectations of a reading of 50.2.
- Protests in Turkey continued Monday as the Lira fell against the dollar for a fifth day and 2-year note yields climbed 39 basis points. Protesters took to the streets in major cities such as Ankara and Istanbul in opposition of Prime Minister Erdogan, whom they want to resign.
- S&P 500 futures rose 2.6 points to 1,631.60.
- The EUR/USD was higher at 1.3024.
- Spanish 10-year government bond yields rose 1 basis point to 4.45 percent.
- Italian 10-year government bond yields rose 2 basis points to 4.17 percent.
- Gold rose 0.27 percent to $1,396.70 per ounce.
European Markets
Commodities
Currencies
EUR/USD
Earnings Reported Yesterday
- Genesco (GCO) reported first quarter EPS of $0.94 vs. $0.87 expected on revenue of $591.4 million vs. $605.71 million expected.
- WPX Energy (WPX) shares declined 1.3 percent pre-market as Natural Gas prices eased in early trading.
- Boeing (BA) shares rose 0.59 percent pre-market as the company announced over the weekend that it has begun final assembly on the first 787-9 Dreamliner, the latest version of the plane, ahead of schedule.
- Carnival Corporation (CCL) shares declined 0.82 percent pre-market after a slew of downgrades last week and on fears over the safety of the cruise industry as a whole following a series of disasters.
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Earnings- ABM Industries (ABM) is expected to report second quarter EPS of $0.33 vs. $0.30 a year ago.
- Cracker Barrel(CBRL) is expected to report third quarter EPS of $0.94 vs. $0.86 a year ago.
- SAIC (SAI) is expected to report first quarter EPS of $0.26 vs. $0.35 a year ago.
- Verint Systems (VRNT) is expected to report first quarter EPS of $0.52 vs. $0.53 a year ago.
BY Matthew Kanterman