LONDON -- The Dow Jones Industrial Average
Despite this, a considerable amount of new economic data is due today. Personal income and consumer spending figures are due at 8:30 a.m. EDT and are expected to show small increases. Due at the same time are June's core PCE and employment cost indexes, both of which are also expected to rise slightly. At 9 a.m. EDT the Case-Shiller Home Price index for May is due, followed at 9:45 a.m. EDT by the Chicago PMI and finally July's Consumer Confidence Index at 10 a.m. EDT.
In company news, Pfizer is expected to report earnings before the bell, while at the time of writing, Aetna had already reported earnings 5% above analysts' expectations for the second quarter. Other major companies due to report this morning include Tyco International, Goodyear Tire & Rubber, United States Steel, and Cummins. Shares of Seagate Technology could also see active trading when markets open following disappointing quarterly figures, which were published after the bell last night.
In Europe, the main markets got off to a cautious start this morning, but Spain's IBEX and Italy's FTSE MIB soon picked up yesterday's rally and surged ahead before falling back, finishing the morning up by 0.8% and 0.7%, respectively. At 7 a.m. EDT, the DAX was up by 0.5%, and France's CAC was up by just 0.2%.
London's flagship FTSE 100
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Roland Head owns no shares of any of the companies mentioned. Motley Fool newsletter services have recommended buying shares of Pfizer and Cummins. The Motley Fool has a disclosure policy.We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. Try any of our Foolish newsletter services free for 30 days.