November 27, 2012-Stocks Look to a Mixed Open with Focus on US Fiscal Concerns

U.S. stock futures point to a mixed open on Tuesday after yesterday's lackadaisical showing, even as Eurozone officials succeeded in clinching a deal to extend financing for Greece and the global economic outlook brightened. China reported a strong industrial profit performance for October, while the U.K. confirmed its strong third quarter GDP growth estimates, underlining the economy's tenacity despite the encircling risks. Going into the session, the mood could also be dictated by some key first tier economic data, including consumer confidence and durable goods orders. The markets may also stay tuned to a couple of house prices data and some Fed speeches. The Dow futures are down 13 points and the S&P 500 futures are declining 1.50 points, while the Nasdaq 100 futures are gaining 2.25 points. U.S. stocks moved about in a lackluster manner on Monday before closing on a mixed manner, as eurozone concerns abounded amid the uncertainty containing Greece and Spain and the release of a weak German consumer confidence reading. On the economic front, Federal Reserve Chairman Ben Bernanke is due to deliver brief welcoming remarks at the National College Fed Challenge Finals, in Washington at 8:30 am ET. The Commerce Department is set to release its durable goods orders report for October at 8:30 am ET. Economists expect durable goods orders to decline by 0.8 percent from the previous month, while excluding transportation orders are expected to dip by a more modest 0.4 percent.