Monday July 10th

10-07-2017

Futures point to higher open on Wall Street; economic data, earnings in focus

U.S. stock index futures pointed to a higher open on Monday morning as traders awaited the release of economic data and eyed earnings. Monday will see consumer credit data for May released at around 3 p.m. ET. On the earnings front, Helen of Troy reported better-than-expected results. Barracuda Networks and WD-40 are both due to report after the market close. In Europe, the pan-European Stoxx-600 index was around 0.21 percent higher on Monday. In Asia, the Shanghai Composite in China closed 0.19 percent lower, while the Nikkei in Japan closed 0.76 percent higher. In oil markets, prices fell, extending losses from a 3 percent fall in the previous session, as high drilling activity in the U.S. and plentiful supplies from OPEC producers weighed. Brent crude traded at around $46.19 a barrel on Monday, down 1.11 percent, while U.S. crude was around $43.72 a barrel, down 1.15 percent. Gold slid to its lowest in nearly four months on Monday after the latest U.S. jobs data boosted stock markets and Treasury yields, crimping demand for safe-haven bullion. Spot gold is mixed at $1,213.46 per ounce. It earlier touched its lowest since March 15 at $1,204.45. U.S. gold futures for August delivery is up 0.22 percent to $1,212.40 per ounce.