LONDON -- The Dow Jones Industrial Average (INDEX: ^DJI ) is expected to open slightly higher this morning, while the S&P 500 (INDEX: ^GSPC ) may open slightly lower, according to futures markets at 7 a.m. EDT.
A raft of consumer-related economic data is due out today, starting at 8:30 a.m. EDT with August's personal income, consumer spending, and core PCE price index figures. Analysts are expecting all of these measures to be within 0.1% of July's readings, but recent data has surprised to both the upside and the downside.
Due later, at 9:45 a.m. EDT, is the Chicago PMI for September, expected to be down to 52.5 from 53 last month. Shortly after, at 9:55 a.m. EDT, the final reading of September's University of Michigan Consumer Sentiment Index is due. A marginal improvement on the initial reading is expected, with analysts penciling in a rise from 79.2 to 79.5.
In company news, Walgreen is due to report its full-year results. Analysts are expecting earnings per share of $2.59 on revenue of $71.7 billion. Results from McCormick & Company are also due before markets open. Shares in Research in Motion are likely to be in demand today after rising 20% in after-hours trading on Thursday following better-than-expected results.
In Europe, markets started strongly but weakened as the morning progressed. The results of the Spanish bank stress test are due to be revealed at around 9 a.m. EDT. Also due today are details of France's 2013 budget. Bond markets are expecting a combination of tax rises and spending cuts to keep France's deficit within 3% of GDP.
At 7 a.m. EDT, the DAX was down 0.1%, the CAC was down 0.9%, the FTSE MIB was down 1.2%, and the IBEX was down 1.3%. In London, the FTSE 100 (INDEX: ^FTSE ) was up by 0.1%, with Mexican gold and silver miner Fresnillo topping the leaderboard with a 3.5% gain on the back of a buoyant gold price. Security outsourcing specialist G4S was up 1.4% after announcing that two senior managers had resigned following the company's Olympic fiasco, although CEO Nick Buckles will keep his job.
Billionaire investor Warren Buffett does not usually invest outside the U.S., but he did recently invest $1 billion in a well-known British blue chip brand, expanding his stake in the company to more than 5%. This famous British name has global expansion potential -- and you can discover the identity of the company and the price he paid in this special exclusive report. Best of all, the report is free -- so download it today while it's still available.
Are you looking to profit from this uncertain economy? "10 Steps To Making A Million In The Market" is The Motley Fool's latest report. We urge you to read it today -- your wealth could be transformed. Click here now to request your free, no-obligation copy. The Motley Fool is helping Britain invest. Better.
Further investment opportunities:
- Why American Investors Should Buy British Shares
- Eight Stocks Held By Britain's Super Investor
- The Market's Top Sectors