Stocks poised for higher open

Written By limadu on Senin, 19 November 2012 | 04.32

Click on graphic for more premarket data.

NEW YORK (CNNMoney) -- U.S. stock futures were higher Monday as investors were increasingly hopeful for progress from fiscal cliff negotiations in Washington and more signs of a housing recovery.

U.S. stocks ended with slight gains Friday, as investors welcomed positive comments from lawmakers on the fiscal cliff talks but remained cautious ahead of an actual deal.

Escalating violence in the Middle East between Israel and the Palestinian group Hamas will also remains in focus.

In corporate news, home improvement retailer Lowe's released its quarterly results.

Fear & Greed Index

World Markets: European stocks were higher in morning trading. Britain's FTSE 100 rose 1.1%, and France's CAC 40 was up 1.4% while the DAX in Germany edged up 0.2%.

Asian markets closed higher. The Shanghai Composite edged up 0.1%, while the Hang Seng in Hong Kong was up 0.5% and Japan's Nikkei rallied 1.4%.

Economy: The National Association of Realtors will release data on existing home sales for October at 10 a.m. ET.

Companies: Shares of Lowe's (LOW, Fortune 500) rose in premarket trading after it reported better-than-expected earnings of 40 cents a share on sales of $12.1 billion.

Shares of Lions Gate Entertainment (LGF) and a number of movie theater chains could get a lift from a the $141.3 million opening weekend for "Twilight: Breaking Dawn Part 2." It's the fourth movie this year to open above the $140 million mark.

Currencies and commodities: The dollar was lower against the euro, the British pound and the Japanese yen in early trading.

Oil for December delivery rose $1.27 to $87.91 a barrel.

Gold futures for December delivery gained $9.30 to $1,724 an ounce.

Bonds: The price on the benchmark 10-year U.S. Treasury fell, lifting the yield to 1.61% from 1.57% late Friday. To top of page

First Published: November 19, 2012: 6:11 AM ET


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