Initial trends from the U.S. Futures Index suggest that Wall Street might open higher. Asian shares closed mostly up, while European shares are trading positive.
Investors are closely following President Trump’s quick executive actions and new policy announcements. Markets are keen to react to the second term of his government.
In the Asian trading session, the dollar held ground. Gold held at two-month highs, while oil extended declines.
As of 7.50 am ET, the Dow futures were up 129.00 points, the S&P 500 futures were adding 29.25 points and the Nasdaq 100 futures were progressing 198.50 points.
The U.S. major averages finished up on Tuesday. The Dow closed up 537.98 points or 1.24 percent, at 44,025.81. The S&P 500 ended higher by 52.58 points or 0.88 percent, at 6,049.24, while the Nasdaq settled at 19,756.78, gaining 126.58 points or 0.64 percent.
On the economic front, the Atlanta Fed Business Inflation Expectations for January will be released at 10.00 am ET. In the prior month the inflation expectations were up 2.0 percent.
The Leading Indicators for December will be issued at 10.00 am ET. The consensus is for a decline of 0.1 percent, while it was up 0.3 percent in the prior month.
Twenty-year Treasury Bond auction will be held at 1.00 pm ET.
Treasury Buyback results are scheduled at 2.00 pm ET.
Asian stocks ended mixed on Wednesday. China’s Shanghai Composite index fell 0.89 percent to 3,213.62. Hong Kong’s Hang Seng index plummeted 1.63 percent to 19,778.77.
Japanese markets rallied. The Nikkei average jumped 1.58 percent to 39,646.25 while the broader Topix index settled 0.87 percent higher at 2,737.19.
Australian markets eked out modest gains. The benchmark S&P/ASX 200 rose 0.33 percent to 8,429.80 while the broader All Ordinaries index settled 0.32 percent higher at 8,680.50.
European shares are trading higher. CAC 40 of France is progressing 82.57 points or 1.06 percent. DAX of Germany is adding 262.14 points or 1.25 percent. FTSE 100 of England is progressing 18.08 points or 0.21 percent. The Swiss Market Index is up 108.94 points or 0.90 percent.
Euro Stoxx 50 that provides a Blue-chip representation of supersector leaders in the Eurozone, is up 1.00 percent.
Business News
Futures Points To Higher Open For Wall Street
2025-01-22 13:14:30
