Stocks poised for positive startFutures point to higher open, although rising bond yields likely to keep investors on watch; Europe edges up, Asian markets finish mostly higher.LONDON (CNNMoney.com) -- Stocks looked set to open higher Tuesday, although rising Treasury yields could keep investors on edge. As of 5 a.m. ET, futures were higher, pointing to a positive open on Wall Street. U.S. stocks ended barely changed on Monday as concerns about rising rates continued to weigh on investors. Stocks in Europe opened lower but reversed course after a report on inflation in the UK came in better than expected. Most Asian markets rose, although Japan's benchmark Nikkei index fell. In major corporate news, the family that controls Dow Jones (Charts) is expected to send a new set of proposals to News Corp. (Charts, Fortune 500), which has made a $5 billion bid for Dow Jones. The Wall Street Journal reported the Bancroft family would be willing to keep talking with Rupert Murdoch's News Corp. only if an agreement for protecting the editorial independence of the Journal can be reached. |
|