U.S. stock futures were modestly higher ahead of the opening bell, with investors hoping for better-than-expected quarterly results from the corporate world over the next few weeks.
After Monday's close, Alcoa (Fortune 500) became the first Dow Jones industrial average component to report second-quarter results, topping analysts' forecasts. Shares rose more than 1% in premarket trading. ,
The strong performance of the aluminum producer seemed to have sparked an international ripple affect, according to Jim Reid of Deutsche Bank. "Alcoa's ahead of consensus result after market seems to be adding further optimism to the Asian session overnight," he wrote in his market report.
On Wall Street, U.S. stocks closed higher Monday as investors put aside concerns about the Federal Reserve slowing down its massive bond buying program, which would remove some liquidity from the markets.
Tesla Motors ( is joining the Nasdaq-100 and replacing software company )Oracle (Fortune 500). ,
NYSE Euronext (won a contact to take over )Libor, the London interbank offered rate that has been at the epicenter of a wide-ranging bid rigging scandal
"Global investors continue to ride the wave of optimism painted by the stronger U.S. jobs data out on Friday together with the Bank of England and European Central Bank pledging to stand behind easing measures," said market strategist Ishaq Siddiqi from ETX Capital.
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