The Producer Price Inflation for December might be the focus on Tuesday. Early trends on the U.S. Futures Index suggest that Wall Street might open positive.
Asian shares finished mostly higher, while European shares are trading broadly up.
As of 8.00 am ET, the Dow futures were up 76.00 points, the S&P 500 futures were adding 11.50 points and the Nasdaq 100 futures were progressing 44.50 points.
The U.S. major averages finished broadly up on Monday. The S&P 500 rose 9.18 points or 0.2 percent to 5,836.22, while the Nasdaq fell 73.53 points or 0.4 percent at 19,088.10.
The Dow closed up 358.67 points or 0.9 percent at 42,297.12.
On the economic front, the PPI-Final Demand for December will be issued at 8.30 am ET. The consensus is for an increase of 0.3 percent, while it was up 0.4 percent in the prior month.
The Treasury Statement for December will be released at 2.00 pm ET. The consensus is for a deficit of $85 billion, while the deficit in November was $366.8 billion.
Kansas City Fed President Jeffrey Schmid will speak on the economic and monetary policy outlook before the Central Exchange at 10.00 am ET.
New York Fed President John Williams will give opening remarks before 4th Annual”An Economy That Works for All: Housing Affordability” event at 3.05 pm ET.
Asian markets finished mostly higher on Tuesday. China’s Shanghai Composite Index jumped 2.5 percent to finish trading at 3,240.94. The Shenzhen Component Index closed 3.8 percent higher at 10,165.17.
The Hang Seng Index of the Hong Kong Stock Exchange rallied 346 points or 1.8 percent from the previous close to finish trading at 19,219.78. The day’s trading range was between a high of 19,318.36 and a low of 18,901.56.
The Japanese benchmark Nikkei 225 slipped 716 points or 1.83 percent to close at 38,474.30. The day’s trading range was between 39,054.35 and 38,305.91.
Australia’s S&P/ASX200 closed trading at 8,231.00, adding 39 points or 0.48 percent from the previous close of 8,191.90
European shares are trading broadly up. CAC 40 of France is gaining 67.20 points or 0.91 percent. DAX of Germany is gaining 159.52 points or 0.79 percent. FTSE 100 of England is declining 8.21 points or 0.10 percent. The Swiss Market Index is sliding 205.47 points or 2.21 percent.
Euro Stoxx 50 that provides a Blue-chip representation of supersector leaders in the Eurozone, is up 0.90 percent.
Business News
Wall Street Set To Open Positive
2025-01-14 13:17:30
