U.S. futures turn green

Wall Street Journal (WSJ)

U.S. futures turn green. U.S. stock futures rose, indicating the Standard & Poor's 500 Index will extend its highest level in 5-year, as Starbucks Corp.. and Procter & Gamble Co. reported increased profits and German business confidence data exceeded analysts' estimates. Starbucks, the largest coffeehouse company in the world, its shares rose as much as 3.7%. Procter & Gamble, a consumer products manufacturer in the world, its shares jumped by 2%, it also will increase in 2013 earnings forecasts. Meanwhile, shares of Microsoft Corp. fell by 0.8% after second-quarter earnings declined. "We're not going to open a bottle of champagne before the economy improves and we now work out of the lows that we saw last year," said Andreas Nigg, head of equity and commodity strategy at Vontobel Asset Management in Zurich. "Earnings, looks a little better than the last two quarters, and it looks at the moment. "