By Bryan McCormick
US stock index futures are essentially flat to fractionally down this morning, following a lackluster session in Asia and moderately positive trading in European markets. There are few significant macro catalysts pushing prices in stocks, but that will likely change with the release of Jobless Claims data at 8:30 a.m. ET.
The outlook is different in currency markets, where the dollar continues to move lower against its basket, with the yen and pound particularly strong. Commodity prices are responding positively to that trend.
Gold continues to set new highs. Assets continue to flow into the Treasury market in anticipation of global quantitative easing, sending rates lower.
In stock-specific news, Marriott International (MAR) and Pepsico (PEP) are both trading down by more than 2 percent after earnings news. Limited Brands (LTD) is trading up more than 3 percent after a stronger-than-expected gain in September same-store sales, which came in 12 percent higher.
More earnings reports will be released today from Micron (MU) and Alcoa (AA). There are no S&P 500 companies set to report tomorrow.
Micron generally impacts the semiconductor group. Alcoa can have a broad impact ranging from resource companies to manufacturers depending on its outlook for demand.
Disclosure: No positions
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