Monday February 6th

6-02-2017

Futures point to lower open on Wall Street; earnings eyed

U.S. stock index futures pointed to a lower open Monday as traders focused on earnings after the best day of the new year for the Dow Jones industrial average in the previous session. On the earnings front, Hasbro reported better-than-expected earnings and revenue, and raised its quarterly dividend to 57 cents a share from 51 cents. 21st Century Fox, FMC and Maceirch are due to report after the market close. There are no major economic data releases scheduled for Monday. In Europe, the pan-European Stoxx-600 index was 0.3 percent lower on Monday. In Asia, the Shanghai composite in China closed 0.55 percent higher, while the Nikkei in Japan closed 0.31 percent higher. In oil markets, prices edged lower on Monday, with Brent crude futures falling 0.4 percent to $56.56 per barrel, while U.S. oil prices dropped 0.2 percent to $53.72. Gold climbed on Monday to its highest in nearly three months as worries about the political landscape in the United States and Europe and a subdued dollar reinforced investor interest. Spot gold was up 0.73 percent at $1,228.71 an ounce, having earlier touched $1,227.13 — a level last reached on Nov. 17. U.S. gold futures rose 0.79 percent to $1,230.50 an ounce.