Investing.com – U.S. futures barely moved in pre-market trading on Tuesday as investors wait for bank earnings releases later in the day.
The S&P 500 futures inched down 0.04% as of 6:19 AM ET (11:19 AM GMT) while Dow futures were flat. The tech heavy Nasdaq 100 futures fell 0.05%.
Among the biggest movers before the morning bell was Credit Suisse (SIX:CSGN), which rose 0.19% on the news that Swiss hedge fund RBR Capital Advisors AG bought a stake in the bank. Netflix (NASDAQ:NFLX) jumped 2.33% after it hit more subscribers than expected.
Meanwhile automobile maker Fiat Chrysler Automobiles NV (NYSE:FCAU) fell 1.19% in pre-market trading after it recalled 470,000 cars. Mining firm Freeport-McMoran Copper & Gold Inc (NYSE:FCX) was also down, decreasing 1.83%.
In economic news, the import and export price index for September comes out before the morning bell, as well as industrial production. Investors will be watching for any indication of a strengthening economy and potential Federal Reserve rate hike.
It’s a big day for earnings, with many companies releasing their earnings throughout the day. Financial giants Goldman Sachs (NYSE:GS) and Morgan Stanley (NYSE:MS) are expected to release its earnings ahead of the morning bell. Other companies releasing their earnings before markets open include financial firm Comerica (NYSE:CMA), motorcycle maker Harley-Davidson Inc (NYSE:HOG) and insurance company Progressive Corporation (NYSE:PGR).
In Europe, stocks were relatively flat. The IBEX 35 fell 0.10% as it struggled to rally after the Spanish government gave Catalonia until Thursday to decide on whether or not to declare independence. In Germany the DAX inched forward 0.05% after the German ZEW Economic Sentiment rose much less than expected, while in France the CAC 40 inched down 0.04%. London’s FTSE 100 increased 0.06% while the pan-European Euro Stoxx 50 was up 0.03%.
Gold futures fell to $1,292.49 an ounce while crude oil futures increased $52.16 a barrel. The U.S. dollar index, which measures the greenback against a basket of six major currencies, increased to 93.32.