U.S. stocks are pointing up with several economic reports due today . The S&P 500 is up 0.21% and the Dow is up 0.20%. Personal income increased by 0.2% in February exceeding estimates for 0.1%. Personal spending grew by 0.1% matching estimates.
Asian stocks finished mixed Monday with Japanese shares moving higher on reports that new economic stimulus will be announced soon. The Shanghai was down 0.73% while the Nikkei was up 0.77%.
European stocks are falling today in spite of data showing manufacturing and services improving during the month of March. The FTSE is down 1.49%, while the DAX is down 1.71%.
Energy futures are mixed The price for West Texas Intermediate crude oil is up $0.32 to $39.78 per barrel, while natural gas is down $0.03 to $1.85. Metals prices are mixed today. Gold is down $3.00 to $1,218.60 per ounce and platinum is up $1.30 to $954.80. The Dollar is down versus the Euro and up against the Yen.
Acorn International, Inc. (ATV), Petróleo Brasileiro S.A. – Petrobras(PBR), and Ford Motor Co. (F) are early risers, while Intelsat S.A. (I), GameStop Corp. (GME) and Citigroup Inc. (C) are down. [InvestorsKeyhole, news and data sources]