Stock Market Watch

Stocks Futures Up

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U.S. stock futures gained on Tuesday as the market sentiment was upbeat after Japan’s leading average, the Nikkei 225 rallied over the news that the government of Japan could bring down corporate tax rates in order to woo investors. In addition, a strong economic data release from Germany also supported the sentiment.

At last check, futures on Dow Jones edged up 0.26%; those on NASDAQ 100 added 0.22% while futures on S&P 500 Index gained 0.22%.

The Nikkei 225 gained almost 2.60% on Tuesday after Japan’s daily; Nikkei reported that Premier Shinzo Abe has asked experts to study whether the country can attract foreign capital by lowering corporate tax rates.

The business sentiment rose sharply in Europe’s growth engine, Germany. The closely watched ZEW Index, a gauge on business sentiment rose to its highest level since March in August. The index rose to 42 from 36.3 in July. All leading benchmark indexes in Europe were trading moderately higher, at last check.

On the U.S. economic data front, July’s retail sales are due at 8:30 a.m. EST. Economists polled by Reuters expect retail sales to show a 0.3% increase after rising 0.4% in June.

Also at the same time, a data on July’s import prices is due.

At 10:00 a.m. EST, a data on business inventories is due.

Some of the companies scheduled to report quarterly results ahead of the bell include Elbit Systems Ltd. (NASDAQ: ESLT)  and Flower Foods Inc. (NYSE: FLO)

SeaWorld Entertainment Inc. (NYSE: SEAS) and Myriad Genetics Inc. (NASDAQ: MYGN) are among those companies expected to announce quarterly results after the closing bell.








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edliston
Post Written By: Ed Liston

Ed Liston is a senior contributing editor at TheStockMarketWatch.com. An active market watcher and investor, Ed guides an independent team of experienced analysts and writes for multiple stock trader publications. He is widely quoted in various financial publications on the Internet. When Ed is not writing about stocks, investing in stocks, talking about stocks, or otherwise doing something stock related, he likes to go sailing and fishing in his yacht.

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Ed Liston

Ed Liston is a senior contributing editor at TheStockMarketWatch.com. An active market watcher and investor, Ed guides an independent team of experienced analysts and writes for multiple stock trader publications. He is widely quoted in various financial publications on the Internet. When Ed is not writing about stocks, investing in stocks, talking about stocks, or otherwise doing something stock related, he likes to go sailing and fishing.

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