U.S. traders are now looking towards retail and manufacturing data at 8:30 a.m. ET for further direction. The S&P 500 June futures are up 7.25 points to 1341.50, slightly above yesterday's intraday support of 1335. The Nasdaq 100 June contracts are also higher by 16.75 points to 2601.75, reclaiming the 2600 technical level.
European indexes are mixed, with the German DAX higher by 0.16 percent and the Euro Stoxx 50 up 0.28 percent while the U.K. FTSE 100 is lower by 0.10 percent. Because of Germany's surprise growth, euro/dollar futures are slightly higher against the greenback, gaining 0.04 percent to 1.2849 as of this writing.
Commodity markets, specifically gold and crude oil, are unchanged from yesterday's levels, though copper is down by 0.48 percent to 3.536. Despite Asian indexes showing strength, copper failed to reverse its steep slide from yesterday, which saw the contract fall more than 1.9 percent. Because of copper's weakness traders should keep a close eye on oil and gold as further weakness could come into those contracts today.
Hong Kong's Hang Seng rose 0.81 percent, while Japan's Nikkei 225 fell 0.81 percent. Asian markets are still concerned over declining foreign investment on the back China's slowest growth in 13 years.
In stock-specific news, daily deal site Groupon is surging more than 25 percent after beating earnings estimates after yesterday's close.
U.S. bank stocks are marginally higher after Germany's GDP number. JP Morgan is up 1.3 percent this morning.
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