3 Dec 2014
Wall street likely to open on a flat note
FXStreet (Mumbai) - The action in the US index futures indicates the markets are likely to open on a flat note after posting modest gains in the previous session. The DJIA futures and the S&P futures are trading dead flat ahead of the opening bell.
On the data front, the ADP report showed another rise in the private sector employment in November, although the pace of job additions fell short of the economists’ expectation. Meanwhile, another report from the labor department showed that labor productivity rose by more than previously estimated in the third quarter.
The Equity markets in the US will watch out for the ISM services index, which is likely to have inched up to 57.5 in November from 57.1 in October. The Federal Reserve is also scheduled to release its Beige Book report later in the day.
On the data front, the ADP report showed another rise in the private sector employment in November, although the pace of job additions fell short of the economists’ expectation. Meanwhile, another report from the labor department showed that labor productivity rose by more than previously estimated in the third quarter.
The Equity markets in the US will watch out for the ISM services index, which is likely to have inched up to 57.5 in November from 57.1 in October. The Federal Reserve is also scheduled to release its Beige Book report later in the day.