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Initial Cues Point To Positive Opening For Wall Street


The JOLTS reports and a slew of Fed speeches are the highlights on Tuesday. The Labor Department's survey projects a slight increase in job openings.

Though it is a relatively quiet day on Economic announcements, initial trading on U.S. Futures Index suggest that Wall Street might open higher.

Asian shares finished broadly up, while European shares are trading positive.

As of 7.45 am ET, the Dow futures were up 218.00 points, the S&P 500 futures were adding 21.75 points and the Nasdaq 100 futures were surging 64.75 points.

The U.S. major averages closed mixed on Monday. The Dow dipped 53.22 points or 0.2 percent to 25,053.11, the Nasdaq edged up 9.71 points or 0.1 percent to 7,307.90 and the S&P 500 inched up 1.92 points or 0.1 percent to 2,709.80.

On the economic front, Redbook data for the week will be published at 8.55 am ET. In the prior week the Store Sales were up 5.7 percent.

he Labor Department's Job Openings and Labor Turnover Survey or JOLTS report for December will be issued at 10.00 am ET. The consensus is for 6.900 million, slightly up from 6.888 million in the prior month.

Federal Reserve Chairman Jerome Powell will deliver a speech on economic development in high poverty rural communities at the Hope Enterprise Corporation Rural Policy Forum at Mississippi Valley State University at Itta Bena, Mississippi, followed by audience Q&A at 12.45 pm ET.

Kansas City Federal Reserve Bank President Esther George will speak on "Charting America's Economic Course" at the Kansas City Public Library in Kansas City, followed by audience Q&A at 5.30 pm ET.

Cleveland Federal Reserve Bank President Loretta Mester will deliver a speech about economic outlook and monetary policy at the Xavier University and Financial Executives International Cincinnati Chapter meeting in Cincinnati, OH, with audience Q&A at 6.30 pm ET.

Asian stocks finished broadly higher on Tuesday. Chinese shares extended gains for the fourth straight session. The benchmark Shanghai Composite index rose 18 points or 0.68 percent to end at 2,671.89 while Hong Kong's Hang Seng index closed marginally higher at 28,171.33.

Japanese shares closed significantly up. The Nikkei average jumped 531.04 points or 2.61 percent to 20,864.21 while the broader Topix index closed higher by 33.20 points or 2.16 percent at 1,572.60.

Australian markets eked out modest gains. The benchmark S&P/ASX 200 index rose 18.30 points or 0.30 percent to 6,079.10 while the broader All Ordinaries index ended up 20.10 points or 0.33 percent at 6,148.70.

European shares are trading higher. France's CAC 40 is adding 55.35 points or 1.10 percent. Germany's DAX is gaining 145.50 points or 1.31 percent. FTSE 100 of U.K. is progressing 17.04 points or 0.24 percent. Swiss Market Index is climbing 65.78 points or 0.73 percent.

Eurozone's leading Blue Chip index,Euro Stoxx 50, is up 1.02 percent.

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