US Futures Echo World Market Sentiment Amid Renewed Greece Concerns, Weak China Inflation

U.S. stock futures were pointing down Tuesday, following European and Asian markets lower, as European Central Bank officials increased pressure on Greece to open its books and implement reforms and as China’s producer price index fell for a 36th month.

At 10:00 a.m. E.T., The Labor Department’s Job Openings and Labor Turnover Survey is expected to show a slight improvement to 5.075 million in January from 5.028 in December. The consensus range is between 5.025 million and 5.220 million, according to data compiled by Econoday.

At the same time on Tuesday, data on wholesale inventories for January are expected to have edged up 0.1% in January, the same pace as in December, within the consensus range of a 0.3% decline to a 0.2% increase.

Meanwhile, in equities, gold producer Allied Nevada Gold ( ANV ) plummeted 71% in recent pre-market trade after filing for chapter 11 bankruptcy protection. Chipmaker Qualcomm ( QCOM ) was one of few bright spots, gaining 2% as it approved a $ 15 billion share buyback program and an increase to its annual dividend.

You may also like...

Rules of Discussion on US Futures Echo World Market Sentiment Amid Renewed Greece Concerns, Weak China Inflation

1. This forum is for discussion of financial markets. Please respect others view even if they are contrary to you.
2. Member's comments should lead to value addition in forum discussion.
3. If anyone is found making repetitive Explicit/Abusive/Racial comments, his account shall be banned and old posts will be deleted.
4. Providing Advice/Recommendations/Tips is fine but it should be free. Members cannot ask to be paid for it. Paid Advice is strictly prohibited
5. Spam links are not allowed. Too much promotion or using Contact info in ID will lead to account ban.
IMP : Members are requested to flag any violations to keep Forum Clean.
Loading comments …