Stocks: 5 things to know before the open

Written By limadu on Jumat, 13 Februari 2015 | 04.32

premarket stocks trading Click chart for in-depth premarket data.

Here are the five things you need to know before the opening bell rings in New York:

1. Markets looking up: U.S. stock futures are edging higher, European markets are rising in early trade and nearly all Asian markets closed with gains.

In Germany, the key Dax index has broken through the 11,000 mark for the first time, powered forward by better than expected economic growth figures.

Clearly, traders aren't feeling especially superstitious right now. Tom Beevers, CEO at StockViews, said markets were growing more optimistic about Ukraine and Greece.

A ceasefire in Ukraine was agreed Thursday and is expected to be enacted on Sunday.

And the European Central Bank is reportedly providing further emergency financing to Greek banks to ensure they can continue functioning smoothly even as fears remain that Greece could stumble out of the eurozone. The FTSE Greek banking index is rising by 13%.

"While geopolitical tensions remain high around the world, there are signs of progress," said Beevers.

Related: Fear & Greed Index

2. Eurozone GDP: The eurozone of 19 countries posted economic growth of 0.3% in the last quarter of 2014, compared with the previous quarter, according to a preliminary estimate. This was towards the high end of expectations.

Both Germany and Spain saw their economies grow by 0.7%, while France and Italy continued to stagnate.

3. Corporate updates and earnings: Red Robin Burgers (RRGB) and J.M. Smucker (SJM) will report earnings before the opening bell.

Watch trading in Kraft (KRFT) Friday after the food giant announced a management shake-up and a quarterly loss of $398 million. CEO John Cahill said "we did not deliver to our potential in 2014." Part of the reason behind the loss came from higher commodity prices.

4. Economics: The University of Michigan will post its monthly consumer sentiment index at 10 a.m. ET.

Related: Have an investing question? Ask CNNMoney!

5. Thursday market recap: Stocks jumped over the previous trading session.

The Dow Jones industrial average rose by 0.6%, the S&P 500 climbed by 1% and the Nasdaq closed with a 1.2% gain.

CNNMoney (London) February 13, 2015: 6:07 AM ET


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