Early indications suggest that Wall Street stocks may open higher along with the rest of the global markets, as optimism over stimulatory environment abounds. Traders have built up expectations that the European Central Bank, which is scheduled to meet later this week, would announce additional stimulus,...
Trading in the U.S. index futures suggests that Wall Street stocks may open slightly higher on Friday after yesterday's lackluster showing. Asian stocks closed mixed in an uneventful session, while the European markets are trading in a lackadaisical fashion. The domestic markets may now focus on a couple of economic data on consumer spending and regional manufacturing activity.
The optimistic resolve that helped the markets to withstand a pullback yesterday may be put to test on Thursday, as they await directional cues. The major U.S. index futures currently point to a lower opening after Asian stocks closed mixed. The major European averages are also currently lower. The mood in the domestic markets may also hinge on a couple of reports.
Trading in the U.S. index futures suggests that traders may still muster up courage to expand holdings in stocks despite the recent buoyancy. The major U.S. index futures point to a higher opening on Wednesday after Asian stocks closed higher, while the European markets are seeing a lackluster mood amid the release of some insipid economic data.
The momentum that lifted some of the key averages to important levels seems to be slowing, as the markets prepare to receive more economic data. The major index futures are pointing to a narrowly mixed opening on Tuesday. Global cues are not very encouraging, with Asian stocks closing mostly lower, while the European markets are also seeing weakness.