ADVFN Logo
Registration Strip Icon for charts Register for streaming realtime charts, analysis tools, and prices.

U.S. Futures Show Mixed Movement, Crude Oil Prices Inch Up

Fernanda T
Latest News
April 09 2024 6:42AM

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.