Stocks to open higher

Written By limadu on Senin, 22 Oktober 2012 | 17.42

Click on chart for more premarket data.

NEW YORK (CNNMoney) -- U.S. stock futures moved higher Monday, ahead of another batch of corporate earnings.

A busy week of corporate earnings kicks off Monday with results due from equipment manufacturer Caterpillar (CAT, Fortune 500), considered a bellwether for the global economy.

Analysts surveyed by Thomson Reuters expect Caterpillar to post earnings of $2.22 a share on $16.8 billion in revenue.

Yahoo (YHOO, Fortune 500), with new CEO Marissa Mayer at the helm, reports after the bell. Yahoo is expected to post earnings of 26 cents a share on $1.08 billion in revenue.

Fellow tech heavyweights Facebook (FB) and Apple (AAPL, Fortune 500) are up later in the week, as are AT&T (T, Fortune 500) and Boeing (BA, Fortune 500).

U.S. stocks fell Friday, the worst day on Wall Street since June, following a slew of weak earnings reports.

Analysts at S&P Capital IQ predict third-quarter earnings for companies in the S&P 500 will grow by just 0.04% overall this quarter, the worst since the third quarter of 2009.

Fear & Greed Index

World Markets: European stocks were mixed in early trading. Britain's FTSE 100 rose 0.1%, the DAX in Germany was little changed, and France's CAC 40 added 0.3%.

Asian markets closed higher. The Shanghai Composite rose 0.2%, the Hang Seng in Hong Kong advanced 0.7%, and Japan's Nikkei gained 0.1%.

Related: China currency plays role in U.S. politics

Companies: DISH Network (DISH, Fortune 500) reached an agreement with Voom HD Holdings, which owns Cablevision and AMC Networks, on Sunday. DISH agreed to pay $700 million in cash to settle a dispute over wireless multichannel video distribution and data service licenses.

BP (BP) said Monday it was in "advanced discussions" on a deal that would result in the sale of 50% of its Russia-based assets to Rosneft, a state-owned oil and gas company.

Currencies and commodities: The dollar fell against the euro and the British pound, but edged higher against the Japanese yen.

Oil for November delivery rose 53 cents to $90.58 a barrel.

Gold futures for December delivery gained $1.80 to $1,725.60 an ounce.

Bonds: The price on the benchmark 10-year U.S. Treasury edged lower, pushing the yield up to 1.79% from 1.77% late Friday. To top of page

First Published: October 22, 2012: 6:15 AM ET


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