The Labor Department’s CPI and State Manufacturing Index for January might get attention on Wednesday. Investors are pondering over the U.S. President-elect Donald Trump’s economic policy, especially decisions on tariffs.
Asian shares finished mostly lower, while European shares are trading positive.
In the Asian trading session, oil and gold prices pushed higher, as the rally of the dollar was paused.
Initial signs from the U.S. Futures Index suggest that Wall Street might open higher.
As of 7.40 am ET, the Dow futures were up 202.00 points, the S&P 500 futures were adding 20.50 points and the Nasdaq 100 futures were progressing 82.00 points.
The U.S. major averages finished mostly higher on Tuesday. The tech-heavy Nasdaq dipped 43.71 points or 0.2 percent to 19,044.39, the S&P 500 inched up 6.69 points or 0.1 percent to 5,842.91 and the Dow climbed 221.16 points or 0.5 percent to 42,518.28.
On the economic front, the Labor Department’s CPI for December will be issued at 8.30 am ET. The consensus is for an increase of 0.3 percent, while it was up 0.3 percent in the prior month.
The Empire State Manufacturing Index for January will be released at 8.30 am ET. The consensus is 1.0, while it was up 0.2 in the prior month.
The Energy Information Administration or EIA’s Petroleum Status Report for the week is scheduled at 10.30 am ET. In the prior week, the Crude Oil inventories were down 1.0 million barrels and the Gasoline inventories were up 6.3 million barrels.
The 4-month Treasury bill auction will be held at 11.30 am ET.
The Beige Book, prepared and published roughly two weeks before the monetary policy meetings of the Federal Open Market Committee is scheduled at 2.00 pm ET.
Treasury Buyback results will be revealed at 2.00 pm ET.
Asian stocks ended little changed on Wednesday. China’s Shanghai Composite index was down 0.43 percent at 3,227.12. Hong Kong’s Hang Seng index rose 0.34 percent to 19,286.07.
Japanese markets ended little changed. The Nikkei average finished marginally lower at 38,444.58. The broader Topix index settled 0.31 percent higher at 2,690.81.
Australian markets dipped slightly. The benchmark S&P/ASX 200 slid 0.22 percent to 8,213.30, dragged down by tech stocks.
European shares are trading higher. CAC 40 of France is adding 43.96 points or 0.59 percent. DAX of Germany is gaining 196.06 points or 0.97 percent. FTSE 100 of England is progressing 60.61 points or 0.74 percent. The Swiss Market Index is up 32.71 points or 0.28 percent.
Euro Stoxx 50 that provides a Blue-chip representation of supersector leaders in the Eurozone, is up 0.75 percent.
Business News
Wall Street Targets To Open Higher
2025-01-15 13:00:15
