Stocks: Cool, calm and collected

Written By limadu on Kamis, 06 Maret 2014 | 17.42

S&P futures 2014 03 06

Click chart for in-depth premarket data.

NEW YORK (CNNMoney)

U.S. stock futures were edging higher Thursday morning, just days after a Ukraine-Russia military standoff threatened to derail the bull market.

While the crisis in Ukraine remains unresolved, U.S. investors now seem to feel relatively insulated, believing the worst-case scenario of a full-fledged war is unlikely.

The latest reading from the CNNMoney Fear & Greed index shows greed is most definitely driving markets again.

Related: Fear & Greed Index

Looking to the economic news of the day, investors are waiting for the U.S. government to publish its weekly initial jobless claims report at 8:30 a.m. ET. January factory order numbers will be out at 10 a.m.

On the corporate front, Costco (COST, Fortune 500), Kroger (KR, Fortune 500) and Staples (SPLS, Fortune 500) will report earnings before the bell. H&R Block (HRB) and Quicksilver (ZQK) will report after the close.

Related: CNNMoney's Tech30

Shares in Facebook (FB, Fortune 500) were up slightly in extended trading. A TechCrunch report from Tuesday suggesting that Facebook is in talks to buy drone maker Titan Aerospace put Facebook investors in a particularly good mood.

Related: A sense of calm returns to the markets

European markets were buoyant in morning trading. The CAC 40 index in France was making the biggest advance, up by 0.6%.

Investors and traders in Europe are waiting for the latest interest rate decision from the European Central Bank. It's widely expected that the ECB will not make any changes to current policy. An announcement will come at 7:45 a.m. ET.

"The normalization of markets since the beginning of the week has been stark, so today investors can focus on one of the major risk events that traders have been building up to for quite some time now ... the ECB meeting," said Angus Campbell, a senior analyst at FxPro.

Asian markets all closed with gains. Japan's Nikkei led the way with a 1.6% jump. To top of page

First Published: March 6, 2014: 5:18 AM ET


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