Futures Surge Behind French Election
Video: Preview the day’s action on Wall Street before the opening bell with the Morning Report as Futures Surge Behind French Election. Dow, Nasdaq and S&P futures are all up over 1%. Crude is flat on the morning.
Stock set for broad rally after French election results
Here are some Morning Headlines:
U.S. stock futures were sharply higher this morning, pulled along in a global rally, after centrist French presidential candidate Emmanuel Macron received the most support in Sunday’s close first-round voting. (CNBC)
Far-right, anti-EU rival Marine Le Pen came in a close second. The run-off election is set on May 7. Le Pen and Macron, both outsiders, locked out France’s two major parties for the first time in nearly 60 years. (CNBC)
The French stock market was soaring 4 percent. The euro spiked to a five-month high. Gold and bond prices were lower. Investors were encouraged that the centrist Macron emerged as the favorite. (CNBC)
Here is this week’s earnings calendar provided by Earnings Whispers as Futures Surge Behind French Election.
Another full of week of earnings. Some notable companies reporting earnings this morning include Halliburton, Kimberly Clark followed by T-Mobile and Whirlpool in the afternoon.
Halliburton — The oilfield services company earned an adjusted four cents per share for the first quarter, one cent a share above estimates. Revenue also exceeded forecasts. The company said its quarter was helped by an increase in North American drilling activity, among other factors.
Kimberly-Clark — The consumer products maker earned $1.57 per share for its latest quarter, two cents a share above estimates. Revenue fell shy of forecasts. It also raised its full-year 2017 forecast, based on an improved currency outlook and faster commodity inflation.
Information Credit: News headlines and quotes were taken from CNBC in the writing of this post. Photo Credit: thesun.co.uk