US Stock Futures Up Ahead Of Retail Sales Data

US stock futures are higher this morning, after upbeat results from Cisco Systems CSCO. Futures for the Dow Jones Industrial Average surged 53 points to 12,770.00 and S&P 500 index futures rose 6.70 points to 1,377.60. Nasdaq 100 futures gained 17.75 points to 2,578.25. US stocks closed lower on Tuesday, with the Dow Jones Industrial Average dropping 0.46% to 12,756.18, the S&P 500 index falling 0.40% to 1,374.53 and the Nasdaq 100 index declining 0.70% to 2,883.89. Data on October retail sales and the October Producer Price Index will be released at 8:30 a.m. ET. The minutes of the latest FOMC meeting will be released at 2 p.m. ET. Abercrombie & Fitch Co ANF is projected to report its Q3 earnings at $0.59 per share on revenue of $1.11 billion. NetApp NTAP is expected to report its Q2 EPS at $0.48 on revenue of $1.54 billion. Staples SPLS is expected to report its Q3 earnings at $0.45 per share on revenue of $6.46 billion. Tyco International Ltd TYC is estimated to report its Q3 EPS at $0.35 on revenue of $2.72 billion. PetSmart PETM is expected to post its Q3 EPS at $0.63 on revenue of $1.62 billion. Williams-Sonoma WSM is estimated to post its Q3 EPS at $0.45 on revenue of $921.80 million. Limited Brands LTD is expected to report its Q3 EPS at $0.24 on revenue of $2.05 billion. Cisco Systems reported upbeat fiscal first-quarter results. Toyota Motor TM announced its plans to recall around 2.77 million cars worldwide. The Mosaic Co MOS cut its Q2 production forecast. European markets were lower today. The STOXX Europe 600 Index dropped 0.37%, London's FTSE 100 Index fell 0.52%, French CAC 40 Index declined 0.24% and German DAX 30 index dropped 0.06%. Asian markets ended higher, with Japan's Nikkei Stock Average gaining 0.04%, China's Shanghai Composite rising 0.37% and Australia's S&P/ASX 200 gaining 0.15%. Hong Kong's Hang Seng index surged 1.20%. Crude oil for December delivery rose $0.38 to trade at $85.76 a barrel on Globex. The ICE dollar index (DXY) dropped 0.15% to trade at 80.99, versus 81.097 in late North American trade Tuesday.