Stock futures in the U.S. are showing the markets will open slightly higher ahead of three economic reports. Investors can expect to see data from housing, consumer confidence and manufacturing later today. The S&P/Case-Shiller home price index for July should be released shortly before market open. Most analysts are forecasting a 0.8% increase for July. About 30 minutes after the opening bell, consumer confidence data and the Richmond Manufacturing Index will be released.
Europe will still be in focus today as rumors and speculation swirl over Spain and whether they will be forced to accept a full bailout. German Chancellor Angela Merkel and ECB President Mario Draghi are also expected to meet in Berlin at some point today.
Right now futures are showing the opening 29 points higher, the Nasdaq 5 points higher and the S&P 500 1 point higher. [Read more...]