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Thursday, April 24, 2014

U.S. stock futures: Dow, S&P and Nasdaq flat. - 4/24/14

European shares, U.S. futures up, Asia mixed
  • European equities and U.S. stock futures are higher as M&A news and earnings reports from Apple and Facebook lift sentiment.
  • However, the mood in Asia has been mixed, weighed down by poor manufacturing PMI data out of China yesterday and an unexpected drop in U.S. home sales.
  • The Nikkei drops 1%, apparently hurt by the failure of the U.S. and Japan to make significant progress on a trade deal during President Obama's visit to Japan.
  • China's Shanghai Composite index falls 0.5%, with another prospective resumption of IPOs one factor in the decline.
  • Elsewhere in Asia, Hong Kong +0.2%, India closed.
  • Euro Stoxx 50 +0.55%, London +0.6%, Paris +0.8%, Frankfurt +0.7%, Milan +1.1%, Madrid +0.7%.
  • U.S. stock futures: Dow +0.2%. S&P +0.4%. Nasdaq +1.2%
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