U.S. stock futures stronger as Coke beats; sales data to come -
MarketWatch
Oil futures rose 18 cents to $93.04 a barrel as Venezuela halted supplies to Exxon Mobil (XOM:
XOM
) after the oil group successfully petitioned a court to freeze $12 billion of assets, while the International Energy Agency scaled back world oil product demand forecasts. Weekly energy inventory data is due out at 10:30 a.m. Eastern.
Coca-Cola (KO:
KO
Last:
reported a 79% profit rise, topping forecasts, and said 2008 is shaping up to be a good year. Coke shares rose to $60.15 in Frankfurt deals. Deere & Co. (DE:
DE
Last:
fell 2.6% in pre-open trade. The tractor maker reported a 54% profit rise. First Solar (FSLR:![]()
, , ) jumped 14% as the company topped fourth-quarter earnings forecasts.
FSLR
Sponsored by:
There also was a flood of overseas earnings reports, including the world's biggest steelmaker, ArcelorMittal (MT:
MT
) , reporting a 3% rise in annual profit.
ABB (ABB:
ABB
) shares tumbled 7% in Switzerland as its chief executive quit over a clash on strategy.
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