LONDON (ShareCast) - The main US equity benchmarks are now being called to open lower by 0.2% on average. That as Wall Street gets caught again in the downdraft from the Eurozone crisis and as a full 41 of the S&P 500´s companies release their latest quarterly results today.

Simply put, the Eurozone crisis seems to be building toward a climax.

Of the 134 companies which have already released results about 73% of them have done so above expectations, according to data compiled by Bloomberg. Sales rose by an average of 3% and profits are up 0.6%.

At first glance the results out from firms such as AT&T or DuPont look somewhat mixed, but investors have reacted positively to them. The latter´s revenue figures apparently took a hit from exchange rate effects.

Of note, Philip Morris has raised its guidance for the year.

Contract electronics manufacturer San Mina is rocketing 20% higher in the open.

Pfizer is expected to be a laggard, as its shares fall 1.6% in the pre-open, after its experimental Alzheimer’s drug failed to improve symptoms of dementia in four studies with the drug.

Apple will release its results after the close of trading.

The FHFA will release its house price data for the month of May at 15:00.

The results of the Federal Reserve Bank of Richmond´s July manufacturing sector survey will be published at 15:00.

Front month West Texas crude futures are falling by 0.26%, to the 87.94 dollar per barrel mark on the NYMEX.

10 year US Treasuries are now off by 6/32 dollars, with yields at 1.44%.

AB

Email this article to a friend

or share it with one of these popular networks:

• DIGG
• FACEBOOK
• STUMBLEUPON
• MIXX
• YAHOO BUZZ
• DELICIOUS
• REDDIT
• NEWSVINE