Friday, 13 February 2015

US Stock Markets

* J.M. Smucker Co (SJM.N) reported a 3.5 percent drop in quarterly profit as demand for its coffee products, including the Folgers brand, fell in the United States as prices rose.
* With 76 percent of S&P 500 companies having reported, about 71.4 percent have topped earnings expectations, according to Thomson Reuters data, while 56.8 percent have beaten on revenue. That compares to the long-term average of 63 percent for earnings and 61 percent for revenue.

* European shares rose, boosted by Germany's growth figures that sent the country's blue-chip DAX index .GDAXI to a record high and a recovery in Greek stocks.

* Asian shares soared on news of a ceasefire deal in Ukraine, while Sweden's surprise move to cut its main rate into negative territory and hopes of a resolution between debt-strapped Greece and its creditors supported risk appetite.

Futures snapshot at 7:38 a.m. EST:

* S&P 500 e-minis ESc1 were up 3.25 points, or 0.16 percent, with 78,715 contracts changing hands.

* Nasdaq 100 e-minis NQc1 were up 10.75 points, or 0.25 percent, in volume of 15,032 contracts.

* Dow e-minis 1YMc1 were up 35 points, or 0.2 percent, with 11,387 contracts changing hands.

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