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NEW YORK (CNNMoney) — U.S. stock futures hovered around breakeven Tuesday morning, as investors remain cautious after SP issued a eurozone warning.
The Dow Jones industrial average (), SP 500 ( ) and Nasdaq ( ) futures edged higher ahead of the opening bell. Stock futures indicate the possible direction of the markets when they open at 9:30 a.m. ET.
U.S. stocks rose Monday but finished below their highest levels of the day, as investors turned cautious following reports that Standard and Poor’s may put eurozone nations on “creditwatch negative” — meaning that the countries have a 50% chance of being downgraded within 90 days.
SP turned rumors to reality after Monday’s closing bell, placing 15 out of 17 eurozone members on review for a possible downgrade. The day’s action did not affect Greece, whose current rating reflects a high risk of default; or Cyprus, which was already on watch.
SP issue eurozone warning
The prospects of an ending to the debt saga grew after the leaders of France and Germany agreed on a new fiscal pact, that they say will prevent another debt crisis.
World markets: European stocks were slightly lower in morning trading. Britain’s FTSE 100 () edged lower to 0.1%, the DAX ( ) in Germany lost 0.9% and France’s CAC 40 ( ) shed 0.2%.
On Tuesday, Eurostat of the EU commission estimated the GDP increased by 0.2% in the eurozone for the third quarter.
Asian markets ended lower. The Shanghai Composite () slipped 0.3%, the Hang Seng ( ) in Hong Kong lost 1.2% and Japan’s Nikkei ( ) dropped 1.4%.
Companies: Bank of Montreal () will report its quarterly results before the opening bell on Tuesday. Analysts surveyed by Thomson Reuters expect the bank to report earnings of $1.34 per share, up from $1.26 a year ago.
Fashion brand Vera Bradley () will report after the bell. Analysts expect Vera Bradley to post earnings of 28 cents a share, up from 25 cents last year.
Shares of SuccessFactors Inc. () surged Monday, after German software maker SAP ( ) agreed to buy the company for $3.4 billion in cash. Shares of Taleo ( ), SuccessFactors’ rival, also spiked.
Shares of Taiwanese phone maker HTC were sharply lower ahead of a ruling on a key Apple patent suit. On Tuesday, a six-member panel at the International Trade Commission in Washington will rule on whether HTC’s phones have violated two Apple ( , Fortune 500) patents.
Currencies and commodities: The dollar gained strength against the euro and British pound, but fell slightly versus the Japanese yen.
Oil for December delivery slipped 28 cents to $100.71 a barrel.
Gold futures for December delivery fell $10.10 to $1,724.40 an ounce.
Bonds: The price on the benchmark 10-year U.S. Treasury was little changed, with the yield up holding steady at 2.05% late Monday.