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Asia and Europe advance on hopes European leaders would work together to end the debt crisis; U.S. futures signal flat opening on consumer confidence data.
International
Asia
● Asian stock indexes rose after U.S. housing starts increased to a four-year high and as German Chancellor Merkel showed support for the ECB's commitment to protect the euro, helping ease concerns about weakening global growth.
● The Nikkei advanced 0.77 percent; Shanghai Composite rose 0.13 percent; Hang Seng augmented 0.77 percent; S&P/ASX 200 increased 0.92 percent; KOSPI slipped 0.58 percent.
Europe
● European stock indexes advanced after investors anticipated that European leaders would work to preserve the euro and European banks. Look for activity in the Vanguard MSCI Europe ETF (NYSEArca: VGK).
Domestic
● U.S. stock futures indicated a flat opening as investors awaited consumer confidence data.
Commodities
All commodities news is as of 7:30 a.m. ET.
Gold and Silver Fell
● Gold declined 0.07 percent, or $1.10, to $1614. Expect slight decreases in the SPDR Gold Trust (NYSEArca: GLD).
● Silver slid 0.28 percent, or $0.08, to $28.13. Look for falls in the iShares Silver Trust (NYSEArca: SLV).
WTI and Brent Oil Declined
● The September contract for WTI crude oil fell 0.53 percent, or $0.51, to $95.09 per barrel.
● The October contract for Brent crude oil sank 1.32 percent, or $1.52, to $113.75 per barrel.
● Expect decreases in both the United States Oil Fund (NYSEArca: USO) and in the United States Brent Oil Fund (NYSEArca: BNO).
Fund Flows
None as of yet today
ETF Launches
None as of yet today
ETF Filings
None as of yet today
Economic Calendar
Domestic
● Consumer Sentiment - 9:55 a.m. ET
● Leading Indicators - 10:00 a.m. ET
Americas
● Canada
○ CPI - 8:30 a.m. ET
Europe
● Germany
○ PPI - 2:00 a.m. ET
● EMU
○ Merchandise Trade - 5:00 a.m. ET |
