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15 Dec 2014
Wall Street to see a positive opening
FXStreet (Mumbai) - The action in the US stocks indicated that Wall Street may open on a high note after posting losses in the last week.
At the time of writing, the DJIA futures are up 0.60%, while the S&P 500 futures are up 0.69%. The NASDAQ futures gained 0.78%, along with a 0.87% gain in the Russell futures. Accordingly, the VIX futures retreated 2.87%. U.S. stocks retreated sharply in the week ended December 12th, as equities tumbled in reaction to the plunge in oil prices and global growth worries.
Markets will focus on industrial production report for November, which is likely to show an expansion of 0.6%, compared to the fall of 0.1% in October. The New York Federal Reserve is scheduled to release the results of its manufacturing survey for December. Economists expect the general business conditions index to increase to 12 from 10.16 in November.
Earlier today, the Asian markets weakened despite a rebound by oil prices. Meanwhile, European markets are trading higher after a weak opening.
At the time of writing, the DJIA futures are up 0.60%, while the S&P 500 futures are up 0.69%. The NASDAQ futures gained 0.78%, along with a 0.87% gain in the Russell futures. Accordingly, the VIX futures retreated 2.87%. U.S. stocks retreated sharply in the week ended December 12th, as equities tumbled in reaction to the plunge in oil prices and global growth worries.
Markets will focus on industrial production report for November, which is likely to show an expansion of 0.6%, compared to the fall of 0.1% in October. The New York Federal Reserve is scheduled to release the results of its manufacturing survey for December. Economists expect the general business conditions index to increase to 12 from 10.16 in November.
Earlier today, the Asian markets weakened despite a rebound by oil prices. Meanwhile, European markets are trading higher after a weak opening.