Investing.com - U.S. stock futures pointed to a higher open on Tuesday, after stronger-than-expected German business climate data and a well-received Spanish bond auction.
Ahead of the open, the Dow Jones Industrial Average futures pointed to a rise of 0.62%, S&P 500 futures signaled a 0.85% increase, while the Nasdaq 100 futures indicated a 0.74% gain.
German research institute Ifo said its Business Climate Index rose to a seasonally adjusted 107.2 in December from 106.6 the previous month. Analysts had expected the index to fall to 106.0 in December.
Spain’s Treasury sold more than the targeted amount of EUR4.5 billion, auctioning EUR7 billion of three-month bonds at an average yield of 1.73%, down from 5.11% at a similar auction last month.
Meanwhile, EUR1.92 billion of six-month bonds were sold, at an average yield of 2.43%, down from 5.22% in November.
Apple saw shares climb 0.43% in premarket trading after the International Trade Commission ruled that HTC infringed one out of four patents at the center of a case brought by the U.S. company against the Taiwanese phone maker.
Pharmaceuticals were also higher, as shares in Celgene Corp jumped 1.40% and Alexion Pharmaceuticals climbed 1.31%, while Pfizer added 0.52%.
Elsewhere, Bank of America’s rose 2.71% after its stock price fell below USD5 for the first time in nearly three years in trading on Monday.
ConocoPhillips rose 0.96% after winning on Monday a key permit that will allow construction of an oil field that is expected to provide the first-ever production from the National Petroleum Reserve-Alaska on the western North Slope.
Elsewhere, Shell advanced 0.96% while the U.S. Coast Guard was investigating a 13,000 gallon spill from an oil rig leased to the company.
Other stocks in focus included AT&T after saying it has dropped its controversial USD39 billion bid for Deutsche Telekom's U.S. wireless unit, leaving both companies scrambling for alternatives.
Across the Atlantic, European stock markets were mixed to higher. The EURO STOXX 50 soared 0.71%, France’s CAC 40 jumped 0.80%, Germany's DAX climbed 0.72%, while Britain's FTSE 100 declined 0.29%.
During the Asian trading session, Hong Kong's Hang Seng Index slumped 0.35%, while Japan’s Nikkei 225 Index gained 0.5%.
Later in the day, the U.S. was to publish data on building permits and housing starts.
Ahead of the open, the Dow Jones Industrial Average futures pointed to a rise of 0.62%, S&P 500 futures signaled a 0.85% increase, while the Nasdaq 100 futures indicated a 0.74% gain.
German research institute Ifo said its Business Climate Index rose to a seasonally adjusted 107.2 in December from 106.6 the previous month. Analysts had expected the index to fall to 106.0 in December.
Spain’s Treasury sold more than the targeted amount of EUR4.5 billion, auctioning EUR7 billion of three-month bonds at an average yield of 1.73%, down from 5.11% at a similar auction last month.
Meanwhile, EUR1.92 billion of six-month bonds were sold, at an average yield of 2.43%, down from 5.22% in November.
Apple saw shares climb 0.43% in premarket trading after the International Trade Commission ruled that HTC infringed one out of four patents at the center of a case brought by the U.S. company against the Taiwanese phone maker.
Pharmaceuticals were also higher, as shares in Celgene Corp jumped 1.40% and Alexion Pharmaceuticals climbed 1.31%, while Pfizer added 0.52%.
Elsewhere, Bank of America’s rose 2.71% after its stock price fell below USD5 for the first time in nearly three years in trading on Monday.
ConocoPhillips rose 0.96% after winning on Monday a key permit that will allow construction of an oil field that is expected to provide the first-ever production from the National Petroleum Reserve-Alaska on the western North Slope.
Elsewhere, Shell advanced 0.96% while the U.S. Coast Guard was investigating a 13,000 gallon spill from an oil rig leased to the company.
Other stocks in focus included AT&T after saying it has dropped its controversial USD39 billion bid for Deutsche Telekom's U.S. wireless unit, leaving both companies scrambling for alternatives.
Across the Atlantic, European stock markets were mixed to higher. The EURO STOXX 50 soared 0.71%, France’s CAC 40 jumped 0.80%, Germany's DAX climbed 0.72%, while Britain's FTSE 100 declined 0.29%.
During the Asian trading session, Hong Kong's Hang Seng Index slumped 0.35%, while Japan’s Nikkei 225 Index gained 0.5%.
Later in the day, the U.S. was to publish data on building permits and housing starts.