The main US equity futures are now being called to start the day higher with average gains of 0.5%.

The above comes on a day on which no major macroeconomic releases are scheduled for release, although two members of the Federal Reserve are scheduled to take the podium. Those are Governors Powell and Tarullo.

Shares of PC giant Hewlett-Packard are advancing after the company last night forecast profits that exceeded analysts' estimates.

Insurer American International Group is gaining positions in pre-open trading following the release of fourth-quarter results that beat forecasts.

Semiconductor manufacturer Texas Instruments has unveiled a 33% in its dividend pay-out and said it added $5bn to its stock repurchase program.

Teen retailer Abercrombie & Fitch has posted fourth-quarter sales of $1.47bn, short of the $1.49bn average of analysts estimated by Bloomberg.

Front month West Texas crude futures are now rising by 0.37% to the $93.20/barrel mark on the NYMEX.

10 year US Treasury yields are now flat, at 1.98%.

AB

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