Federal Reserve Bank of Chicago President Charles Evans is set to speak at 8:30 a.m. ET, while the Investor Movement Index for April is scheduled for release at 12:30 p.m. ET.
Futures for the Dow Jones Industrial Average rose 64 points to 34,750.00 while the Standard & Poor’s 500 index futures gained 0.25 points at 4,225.50. Futures for the Nasdaq 100 index fell 40 points to 13,669.75.
The U.S. has the highest number of COVID-19 cases and deaths in the world, with total infections in the country exceeding 32,707,790 with around 581,750 deaths. India reported a total of at least 22,662,570 confirmed cases, while Brazil confirmed over 15,184,790 cases.
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Oil prices traded higher as Brent crude futures rose 0.6% to trade at $68.67 per barrel, while US WTI crude futures rose 0.5% to trade at $65.23 a barrel. The total number of active U.S. oil rigs rose by 2 to 344 rigs this week, Baker Hughes Inc reported Friday.
A Peek Into Global Markets
European markets were mostly higher today. The Spanish Ibex Index rose 0.1% and STOXX Europe 600 Index rose 0.1%. The French CAC 40 Index fell 0.1%, London’s FTSE 100 gained 0.3% while German DAX 30 dropped 0.1%. The UK’s Halifax house price index increased 8.2% year-over-year in April.
Asian markets traded mostly higher today. Japan’s Nikkei 225 gained 0.55%, while China’s Shanghai Composite rose 0.27%. Hong Kong’s Hang Seng Index slipped 0.05%, Australia’s S&P/ASX 200 rose 1.3%, and India’s BSE Sensex rose 0.7%. Retail sales in Australia rose 1.3% in March, while the NAB business confidence index rose 9 points from the earlier month to a reading of 26 in March.
Broker Recommendation
- Needham initiated coverage on TuSimple Holdings Inc.
- TSP
- with a Buy rating and announced a price target of $60.
- TuSimple shares fell 0.5% to $37.09 in pre-market trading.
Source:-https://www.benzinga.com/news/earnings/21/05/21029354/a-peek-into-the-markets-us-stock-futures-mixed-crude-oil-edges-higher