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| 5 min ES _F |
Amid a rate cut out of Australia and rising Spanish bond price US equity indexes are higher ahead of Tuesday's trade. Currently the S&P 500 future contract is higher by 7.50 points or 0.52 percent to 1444.50 while the Nasdaq 100 future is higher by 13.00 points or 0.47 percent to 2801.25.
European indexes are higher despite continued worry by invetors and traders Spain may ask for a bailout due to this Spanis and Italian bond prices pushed higher Tuesday. As of this writing the German DAX is higher by 0.40 percent while London's FTSE 100 is higher by 0.18 percent.
Asian indexes are mixed following the Aussie 0.25 percent benchmark rate cut. The Hang Seng reacted positively to close up 0.38 percent while the Nikkei 225 ended lower by 0.12 percent.
Currency markets are tipping in the favor of risk this Tuesday morning with the Euro US Dollar cross higher by 0.28 percent to 1.2924. US Dollar futures are lower by 0.11 percent to 79.83 while the Aussie rate cut sent the AUD/ JPY pair lower by 0.56 percent to 80.55.
Commodity markets are favoring risk as well with front month copper prices leading up 0.71 percent to 3.81275. Crude oil futures are higher by 0.08 cents or 0.09 percent to 92.56. Spot gold prices are lower by 3.30 points or 0.19 percent ot 1780 a contract.
Shares of Apple bounced off 660 support in pre-market trading to indicate an open at the 663.70 level from a 659.39 close Monday.
Shares of Bank of America are higher to 9.10 in early trading, up from a 8.96 close Monday.
Despite the New York AG announcing they are sueing JP Morgan over mortgage backed securities fraud after the bell yesterday shares are only slightly lower in pre-market trading to 40.93 after closing at 40.97 Monday.
