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15 Jan 2015
US equities to see early buying
FXStreet (Mumbai) - The stock markets in the US are likely to open higher on mixed bag of US data. The action in the major index futures indicates early buying is likely to be seen on Wall Street.
At the time of writing, the DJIA futures traded 0.26% higher at 17,409.50, while the S&P 500 futures traded 0.21% higher at 2011.00. Meanwhile, the NASDAQ futures and the Russell 2000 futures are trading 0.14% and 0.24% higher at 4151.10 and 1176.80 levels respectively. Consequently, the S&P 500 VIX futures are trading 0.49% lower at 20.53 levels.
On the data front, the labor department data showed producer prices fell by slightly less than expected in the month of December. Meanwhile, initial jobless claims climbed to 316,000 in the week ended January 10th, an increase of 19,000 from the previous week's revised level of to 297,000. Elsewhere, New York Federal Reserve released a report showing a rebound in regional manufacturing activity in the month of January.
In overseas trading, the European markets witnessed a high volatility after the Swiss National Bank surprised markets by abandoning the EUR/CHF floor at 1.2, while it reduced interest rates to -0.75%. Earlier today, most stock markets across the Asia-Pacific moved back to the upside.
At the time of writing, the DJIA futures traded 0.26% higher at 17,409.50, while the S&P 500 futures traded 0.21% higher at 2011.00. Meanwhile, the NASDAQ futures and the Russell 2000 futures are trading 0.14% and 0.24% higher at 4151.10 and 1176.80 levels respectively. Consequently, the S&P 500 VIX futures are trading 0.49% lower at 20.53 levels.
On the data front, the labor department data showed producer prices fell by slightly less than expected in the month of December. Meanwhile, initial jobless claims climbed to 316,000 in the week ended January 10th, an increase of 19,000 from the previous week's revised level of to 297,000. Elsewhere, New York Federal Reserve released a report showing a rebound in regional manufacturing activity in the month of January.
In overseas trading, the European markets witnessed a high volatility after the Swiss National Bank surprised markets by abandoning the EUR/CHF floor at 1.2, while it reduced interest rates to -0.75%. Earlier today, most stock markets across the Asia-Pacific moved back to the upside.