U.S. equity futures traded mostly flat in early premarket trading after the Dow jumped about 150 points in the previous session. Investors await the results of International Society for Applications of Science SAIC, Jefferies Financial Group Inc. I F and Dave & Buster’s Entertainment, Inc. PLAYER.
Data on U.S. wholesale inventories and international trade in goods will be released at 8:30 a.m. ET. The Dallas Fed Manufacturing Index for March will be released at 10:30 a.m. ET.
Dow Jones Industrial Average futures rose 6 points to 34,765.00 while Standard & Poor’s 500 Index futures slid 2 points to 4,534.50. Nasdaq index futures fell 18 points to 14,728.00.
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Oil prices fell as Brent crude futures fell 3.7% to trade at $112.99 a barrel, while US WTI crude futures fell 4, 1% to trade at $109.23 a barrel. The total number of active U.S. oil rigs increased by 7 to 531 rigs this week, Baker Hughes Inc reported on Friday.
The United States has the highest number of COVID-19 cases and deaths in the world, with the total number of infections in the country exceeding 81,621,880 with approximately 1,003,460 fatalities. India has reported a total of at least 43,020,720 confirmed cases, while Brazil has confirmed more than 29,842,410 cases.
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An overview of global markets
European markets were up today. The STOXX Europe 600 index gained 0.7%, while Spain’s IBEX 35 index rose 1.1% and London’s FTSE 100 rose 0.3%. The French CAC 40 index gained 0.9%, while the German DAX climbed 1.2%.
Asian markets traded mostly higher today. Japan’s Nikkei 225 fell 0.73%, Hong Kong’s Hang Seng Index gained 1.24% and China’s Shanghai Composite Index rose 0.07%. Australia’s S&P/ASX 200 rose 0.1%, while India’s BSE SENDEX rose 0.3%. Profits made by Chinese industrial enterprises increased 5.0% year-on-year to 11.58 trillion yuan in January-February 2022.
Keybanc maintained Global Payments Inc. GPN with overweight and lowered the price target from $175 to $165.
Shares of Global Payments rose 0.4% to $136.72 in premarket trading.
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- Coinbase Global Inc. PIECE OF MONEY is reportedly in talks to acquire 2TM, the parent company of Brazil’s largest crypto exchange, Mercado Bitcoin. According to a report by local publication Estadão, Coinbase is expected to close the deal in April.
- Tesla Inc. TSLA plans to halt production for the second time this month at Giga Shanghai amid escalating COVID-19 restrictions, Bloomberg News reported on Sunday, citing people familiar with the matter.
- Express, Inc. EXPR named Jason Judd as senior vice president and chief financial officer.
- Apple Inc. AAPL agreed to pay a $14.8 million class action settlement in a case involving iCloud data storage.
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