26 Jan 2015
US Stocks may open on a positive note
FXStreet (Mumbai) - Early indication suggests that Wall street may open on a positive note, although the risk appetite may be capped by the results of Greek snap elections.
At the time of writing, the DJIA futures traded 0.05% higher at 17,596 levels, while the S&P futures traded 0.11% higher at 2046.15 levels. Meanwhile, NASDAQ and Russell futures were up 0.24% each at 4227.10 and 1187.20 levels respectively. The VIX futures were down 1.23% at 18.13 levels.
No major data is due out of the US today. However, going forward in the week, the FOMC meet and consumer and housing readings are due for release. Markets are speculating that the Federal Reserve may be forced to normalize rates sooner-than-expected, since the Us economy is showing signs of strength.
Meanwhile, in the overseas trading, major Asian markets ended mixed. The mood was cautious following the victory of the leftist Syriza party in Greece. Across Europe, most equity markets came under pressure on renewed concerns of political crisis following Syriza’s victory in Greece.
At the time of writing, the DJIA futures traded 0.05% higher at 17,596 levels, while the S&P futures traded 0.11% higher at 2046.15 levels. Meanwhile, NASDAQ and Russell futures were up 0.24% each at 4227.10 and 1187.20 levels respectively. The VIX futures were down 1.23% at 18.13 levels.
No major data is due out of the US today. However, going forward in the week, the FOMC meet and consumer and housing readings are due for release. Markets are speculating that the Federal Reserve may be forced to normalize rates sooner-than-expected, since the Us economy is showing signs of strength.
Meanwhile, in the overseas trading, major Asian markets ended mixed. The mood was cautious following the victory of the leftist Syriza party in Greece. Across Europe, most equity markets came under pressure on renewed concerns of political crisis following Syriza’s victory in Greece.