24 Nov 2014
Optimism likely to prevail on Wall Street today
FXStreet (Mumbai) - The action in the US Index futures indicates the Wall street is likely to start the week on a positive note as the markets remain optimistic after China’s rate cut and the European Central Bank’s (ECB) stimulus talk.
At the time of writing, the DJIA December futures traded up by 0.26%, while the S&P500 December futures gained 0.29%. Meanwhile, the NASDAQ futures traded 0.35% higher. Earlier today, most of the Asian stock markets closed higher, while the European equities also extended Friday’s gains.
Investors will watch out for the Markit’s service sector Purchasing Manager Index for November and the Dallas Fed manufacturing activity index. The consensus estimate calls for an increase in the Service PMI to 57.8 from 57.3 in October. Meanwhile, the Treasury is set to announce the result of its auction of 2-year notes.
At the time of writing, the DJIA December futures traded up by 0.26%, while the S&P500 December futures gained 0.29%. Meanwhile, the NASDAQ futures traded 0.35% higher. Earlier today, most of the Asian stock markets closed higher, while the European equities also extended Friday’s gains.
Investors will watch out for the Markit’s service sector Purchasing Manager Index for November and the Dallas Fed manufacturing activity index. The consensus estimate calls for an increase in the Service PMI to 57.8 from 57.3 in October. Meanwhile, the Treasury is set to announce the result of its auction of 2-year notes.