Thursday April 27th

27-04-2017

Wall Street to open slightly higher on big day of earnings, data

U.S. stock index futures pointed to a slightly higher open on Thursday morning as traders awaited a huge day of earnings and data. AbbVie, Bristol-Myers Squibb, Ford, Union Pacific, UPS, American Airlines Group, Comcast and Under Armour are among a host companies set to report before the bell. Alphabet, Amazon.com, Intel, Microsoft, and Starbucks are among companies set to report after the bell. On the data front initial jobless claims, durable goods and advance economic indicators are set to come out at 8:30 a.m. ET. Pending home sales and housing vacancies are due at 10:00 a.m. In Europe the pan European Stoxx 600 Index was around 0.46 percent lower on Thursday morning. The Shanghai Composite in China closed up 0.37 percent and the Nikkei 225 in Japan dipped 0.19 percent. The European Central Bank kept its benchmark interest rate at zero percent and monetary policy unchanged. The euro traded slightly weaker against the U.S. dollar near $1.088. The yen traded around 111.4 versus the greenback. In oil markets, Brent crude traded at around $51.24 a barrel on Thursday morning, down 1.12 percent, while U.S. crude was around $49.13 a barrel, down 0.99 percent. Gold prices edged down on Thursday as global risk sentiment ebbed, but scepticism over U.S. President Donald Trump's tax reform plan curbed further losses. Spot gold was down 0.3 percent at $1,264.60 per ounce as of 0736 GMT. Bullion prices edged away from a two-week low of 1,259.90 hit on Wednesday. U.S. gold futures climbed 0.1 percent to $1,265.90 an ounce.