Fed Optimism Remains Amid Mixed Data
The major U.S. index futures are pointing to a higher opening on Thursday, with sentiment suggesting modest strength amid the release of mixed domestic data. Among two reports released ahead of the open, one showed that housing starts fell more than expected, while another showed that jobless claims declined by much more than expected. A regional manufacturing data is also due for the day. Meanwhile, earnings news of the day has largely been encouraging. Global cues are also positive. Nevertheless, the overbought level of the markets may act as a dampener.