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| | US Market |  | | Shanghai | Hang Seng | NIKKEI | ASX |  |  |  |  | | | The major U.S. index futures are pointing to a mixed opening on Tuesday, with traders likely to exercise restraint, given the lack of any major trading cues. Retail earnings of the day have been lukewarm and global cues are hazy as well. Asian stocks had a mixed outing earlier in the global trading day, while the European markets are also trading on a lackluster note. The domestic indexes could also be constrained by key technical levels, with The Dow currently nestled between its 21 and 50-day moving averages.
U.S. stocks extended their gains on Monday amid some major deal news. After a weak start, the major averages moved firmly into positive territory in early trading. The S&P 500 Index and the Nasdaq Composite advanced steadily until the mid-session before moving roughly sideways for the rest of the trading day.
The S&P 500 Index ended up 7.22 points or 0.38 percent at 1,885, and the Nasdaq Composite added 35.23 points or 0.86 percent before closing at 4,126. Meanwhile, The Dow Industrials showed a lack of direction for much of the session, although it closed 20.55 points or 0.12 percent higher at 16,512.
Eighteen of the thirty Dow components closed higher, while the remaining twelve stocks declined.
JP Morgan Chase , Merck and Disney were the Dow's biggest advancers of the session, while Home Depot , McDonald's and AT&T moved notably to the downside.
Airline, semiconductor, computer hardware, financial and Biotechnology stocks gained ground, while utility stocks came under pressure.
The Dow Industrials once again bounced between its 21-day MA currently at 16,523 and 50-day MA currently at 16,404 and settled below the former level. It would require a strong catalyst to propel the index above its 21-day MA, which could offer stiff resistance. Above that level, the index could also face resistance around 16,575, 16,639 and 16,697. On the downside, the index has support around 16,368 and its 100-day MA currently at 16,287. Philadelphia Federal Reserve Bank President Charles Plosser is due to speak on the economic outlook in Washington at 12:30 pm ET. |
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| | Stocks in Focus | | | | FTSE 100 | Euronext | Dax perf | CAC 40 |  |  |  |  | | Please click on the images to view our interactive charts | | | Home Depot reported higher earnings for its first quarter, while its revenues were shy of estimates. The company raised its earnings forecast for the year.
Medtronic reported in line fourth quarter results and it 2015 guidance was lukewarm.
Staples' first quarter earnings that missed expectations but it revenues were ahead of expectations. The company's second quarter earnings guidance was also below estimates.
Urban Outfitters reported first quarter earnings of 26 cents per share, trailing the 27 cents per share consensus estimate. Net sales rose 6 percent to $648.1 million, ahead of expectations.
Photronics reported first quarter earnings that missed estimates, while its revenues were ahead of estimates despite falling year-over-year.
Analog Devices , Intuit and Salesforce.com are among the companies due to release their quarterly results after the close of trading.
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| | European Market |
European stocks opened amid some apprehension and have moved decisively lower since then.
In corporate news, Credit Suisse pleaded guilty before U.S. federal prosecutors to one count of conspiring to aid tax evasion over decades and also agreed to pay about $2.6 billion in penalties.
On the economic front, German statistical agency Destatis reported that German producer prices fell for the ninth straight month in April, dropping 0.9 percent year-over-year.
A report released by the U.K. Office for National Statistics, or ONS, showed that annual inflation in the U.K. accelerated to 1.8 percent in April from 1.6 percent in March, above the estimated 1.7 percent rate.
Another report from the ONS showed that factory gate inflation rose marginally to 0.6 percent from 0.5 percent in March. On a monthly basis, output prices remained flat after rising 0.2 percent in March. Meanwhile, input prices continued to decline in April.
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| | Asian Markets | | | | USDCAD | USDEUR | USDGBP | USDJPY |  |  |  |  | | Please click on the images to view our interactive charts | |
The major Asian markets ended mixed, with the positive lead from Wall Street generating strength in some markets, while the rest declined amid worries regarding the region.
Japan's Nikkei 225 index held above the unchanged line throughout the session before closing up 68.81 points or 0.49 percent at 14,075. Export stocks were mostly higher but financial and Pharmaceutical stocks lost ground.
The Australian All Ordinaries Index ignored some weakness in the morning before moving decisively higher in the mid-session. Thereafter, the index hovered in positive territory, ending up 11.40 points or 0.21 percent at 5,402. Consumer staple, material, financial, telecom and utility stocks saw some strength, while energy stocks retreated.
Hong Kong's Hang Seng Index ended at 22,835, up 130.18 points or 0.57 percent, and China's Shanghai Composite Index closed 2.94 points or 0.15 percent higher at 2,008.
Meanwhile, the Indonesian Jakarta Composite Index slumped 2.37 percent. The Malaysian, South Korean and Taiwanese markets also moved to the downside.
On the economic front, the Conference Board reported that its leading economic indicators index for Australia was unchanged in March following a 0.2 percent increase in February.
Japan's Cabinet Office said its leading economic indicators index for Japan fell to 107.1 in March from 108.5 in February, with the latest reading representing a 1-year low.
Industry activity in Japan rebounded in March, though at a slower-than-expected rate, a report from the Ministry Of Economy, Trade and Industry showed. The all industry activity index was up 1.5 percent month-over-month in March, less than the 1.6 percent increase expected by economists.
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| | Currency and Commodities Markets |
Crude Oil futures are slipping $0.13 to $102.55 a barrel after advancing $0.59 to $102.61 a barrel on Monday. Gold futures are currently slipping $5.90 to $1,287.90 an ounce. In the previous session, Gold edged up $0.40 to $1,293.80 an ounce.
Among currencies, the U.S. dollar is trading at 101.42 yen compared to the 101.50 yen it fetched at the close of New York trading on Monday. Against the euro, the dollar is valued at $1.3701 compared to yesterday's $1.3709.
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