On Wednesday, the U.S. stock futures indicated to higher open as the investors eyed the release of the U.S. economic data later in the day, while the markets remained focused on the developments in Greece. Ahead of the open trading, the Dow Jones Industrial Average futures surged 0.33%, the S&P 500 futures soared 0.36%, while the Nasdaq 100 futures gained 0.58%.
A sentiment found some support after the German newspaper Bild posted on Tuesday that the Greece is to accept EUR44 billion of the financial aid in one payment, according to the German government sources. But the investors stayed cautious amid ongoing divisions between officials from the International Monetary Fund and the Europe on how best to decrease the Greece’s debt to manageable levels.
Markets were cautiously amid ongoing concerns over the U.S. fiscal cliff, the automatic tax hikes and the spending cuts due to emerge into effect on January 1 unless lawmakers can hit an agreement that could threaten the U.S. and global growth. The Tech stocks were hoped to be more active, after the Cisco Systems posted its first-quarter results that defeat estimates but said it estimate to flat earnings and slower revenue growth for the current quarter. Shares in the company soared 7.89% in the pre-market trade.
Pre-market, Zynga jumped 0.95%, even as the Chief Financial Officer David Wehner said thta he will be departing to take senior finance job at Facebook.
In the Atlantic, the European stock markets were closed lower. The EURO STOXX 50 lost 0.35%, France’s CAC 40 was down 0.31%, Germany's DAX slumped 0.37%, while Britain's FTSE 100 shed 0.54%.
Over during the Asian trading session, Hong Kong's Hang Seng Index rose 1.2%, while Japan’s Nikkei 225 Index edged higher at 0.04%.