March 24, 2014 -- 8:30 a.m. - 03/24/14
U.S. stock index futures are signaling a slightly higher open. The Dow, S&P 500 and NASDAQ are all at least 0.1% above fair value.
A batch of mixed economic data is in focus. On our shores, the preliminary reading on a gauge of U.S. manufacturing is due out at 9:45 a.m. ET and is expected to decline to 56.5 in March from a level of 57.1. Meanwhile, Chinas manufacturing industry weakened for the fifth straight month while growth in euro zone manufacturing and services held near the fastest pace since 2011 in March.
The situation in Ukraine is also garnering attention. President Obama will meet with other G-7 leaders today for a nuclear security summit, with the annexation of Crimea anticipated to dominate discussions.
In company news, Apple is up 1.2% in pre-market trading following a report that the company held talks with Comcast about streaming its television services. Action is mixed in the commodity realm. Gold is falling toward a three-week low and copper is trimming its first weekly advance in over a month. WTI crude is edging closer to $100 per barrel.
In fixed-income, Treasury prices are lower before the U.S. sells a total of $96 billion in government paper this week. The 10-year note is off 7/32 to yield 2.77%. The 30-year bond is down 6/32 yield 3.62%.
This information is obtained from sources and data considered to be reliable, but its accuracy and completeness is not guaranteed by Wells Fargo Advisors.Wells Fargo Advisors is the trade name used by two separate registered broker-dealers: Wells Fargo Advisors, LLC and Wells Fargo Advisors Financial Network, LLC, Members SIPC, non-bank affiliates of Wells Fargo & Company.