19 Feb 2015
Wall Street could turn risk averse
FXStreet (Mumbai) - The stock markets in the US are likely to open on a cautious note amid Greek debt crisis, although buying interest could be seen on account of an upbeat weekly jobless data released today.
At the time of writing, the DJIA futures were down 0.15% at 17,965.50, while the S&P 500 futures were down 0.18% at 2091.65 levels. Meanwhile, NASDAQ futures were up 0.11% at 4390.90 and Russell futures were down 0.08% 1224.00 levels. The VIX futures were up 1.12% at 18.13 levels.
The markets suffered losses in the previous session on the back of a weak economic data. However, the dovish Fed minutes helped markets recover losses to end the day marginally lower. The markets are likely to remain under pressure after the German government rejected Greece’s debt extension proposal.
Meanwhile, the initial jobless claims in the last week fell 21K to 283K, compared to the estimate of 290K, and down from the previous figure of 304K. The four-week moving average, a less volatile measure than the weekly figures, dropped to 283,250 last week, a three-month low, from 289,750.
The global cues are mixed, with European markets trading flat to negative, while the Asian markets closed mixed amid Lunar year holidays in China. The 10-year Treasury yield is up 3 basis points at 2.098%, while the USD index is up 0.38% at 94.50 levels. In the commodity space, Gold is up 1.265 at USD 1215.30/Oz, while WTI crude April futures are down 4.84% at USD 50.27/barrel.
At the time of writing, the DJIA futures were down 0.15% at 17,965.50, while the S&P 500 futures were down 0.18% at 2091.65 levels. Meanwhile, NASDAQ futures were up 0.11% at 4390.90 and Russell futures were down 0.08% 1224.00 levels. The VIX futures were up 1.12% at 18.13 levels.
The markets suffered losses in the previous session on the back of a weak economic data. However, the dovish Fed minutes helped markets recover losses to end the day marginally lower. The markets are likely to remain under pressure after the German government rejected Greece’s debt extension proposal.
Meanwhile, the initial jobless claims in the last week fell 21K to 283K, compared to the estimate of 290K, and down from the previous figure of 304K. The four-week moving average, a less volatile measure than the weekly figures, dropped to 283,250 last week, a three-month low, from 289,750.
The global cues are mixed, with European markets trading flat to negative, while the Asian markets closed mixed amid Lunar year holidays in China. The 10-year Treasury yield is up 3 basis points at 2.098%, while the USD index is up 0.38% at 94.50 levels. In the commodity space, Gold is up 1.265 at USD 1215.30/Oz, while WTI crude April futures are down 4.84% at USD 50.27/barrel.