Futures suggest higher open Stock futures are pointing to a moderately higher open, taking their lead from European markets that are continuing their recent rally. Overseas markets moved higher following comments from a Chinese Communist Party leader which boosted global growth expectations. Investors will be watching the ADP Employment Change report which is due out at 8:15 am ET. The report is expected to indicate that 125,000 new service jobs were created last month.
Vanguard REIT ETF volatility at upper end of three-year range Vanguard REIT ETF overall option implied volatility of 18 compares to its 26-week average of 15 according to Track Data, suggesting large near term price movement.
SPDR S&P Oil and Gas Exploration and Production ETF volatility flat SPDR S&P Oil and Gas Exploration and Production ETF overall option implied volatility of 39 compares to its 26-week average of 38 according to Track Data, suggesting non-directional price movement as WIT oil is at a six-year low.