Thursday July 21st

21-07-2016

Wall Street eyes earnings, data

U.S. stock index futures indicated a lower open Thursday as traders eyed a raft of both earnings and data. On the earnings front, General Motors, Union Pacific, Blackstone, Southwest Airlines and Domino's Pizza are among a host of companies set to report before the bell. AT&T, Paypal, Starbucks and Visa are among companies set to report after the bell. On the data front, initial claims and the Philly Fed index are set to come out at 8:30 a.m. ET. The FHFA home price index follows on at 9:00 a.m., with leading indicators and existing home sales due at 10:00 a.m. In oil markets, Brent crude traded at around $47.34 a barrel on Thursday morning, up 0.17 percent, while U.S. crude was at around $45.93, up 0.39 percent. In Europe, the pan European Stoxx 600 Index was down slightly, by around 0.08 percent on Thursday morning, with European markets awaiting the European Central Bank's latest interest rate decision, due to come out on Thursday. In Asia, Japan's Nikkei closed 0.77 percent higher on Thursday while in China, the Shanghai Composite closed 0.37 percent higher. Gold edged above a three-week low on Thursday, as the dollar slipped and European shares also fell ahead of a European Central Bank policy meeting due later in the day. Spot gold rose 0.4 percent to $1,320.96 an ounce by 0903 GMT, after touching $1,310.56, its lowest since June 28. U.S. gold was down 0.1 percent at $1,317.50 an ounce.