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6 Jan 2015
US stocks may see early buying
FXStreet (Mumbai) - The stock markets in the US may recover on early buying after ending the previous session sharply lower. The US index futures have recovered losses to trade higher ahead of the opening bell.
At the time of writing, the DJIA futures traded 9.5 points higher at 17,460.50, while the S&P 500 futures traded 2 points higher at 2018.00. Both the index futures were trading at least 0.20% lower during the European session today. Consequently, the S&P 500 VIX futures are trading largely unchanged at 19.00 levels.
Early buying interest may not last long as the Crude prices are still on the declining trend. WTI Crude is currently down 2.36% at USD 48.78/barrel levels. Trading will also be impacted by the release of a report from the Institute for Supply Management on activity in the U.S. service sector in the month of December. The index is expected to dip to 58.0 in December from 59.3 in November. The commerce department will also release its report on factory orders in the month of November.
In overseas trading, stock markets across the Asia-Pacific region moved mostly lower during trading on Tuesday, while major European markets are turning in a mixed performance.
At the time of writing, the DJIA futures traded 9.5 points higher at 17,460.50, while the S&P 500 futures traded 2 points higher at 2018.00. Both the index futures were trading at least 0.20% lower during the European session today. Consequently, the S&P 500 VIX futures are trading largely unchanged at 19.00 levels.
Early buying interest may not last long as the Crude prices are still on the declining trend. WTI Crude is currently down 2.36% at USD 48.78/barrel levels. Trading will also be impacted by the release of a report from the Institute for Supply Management on activity in the U.S. service sector in the month of December. The index is expected to dip to 58.0 in December from 59.3 in November. The commerce department will also release its report on factory orders in the month of November.
In overseas trading, stock markets across the Asia-Pacific region moved mostly lower during trading on Tuesday, while major European markets are turning in a mixed performance.