5 Jan 2015
US stocks likely to open lower as gloom spreads
FXStreet (Mumbai) - The US stocks are likely to open lower today as the gloom spread across the globe due to falling oil prices and renewed tensions in the Eurozone.
At the time of writing, the DJIA futures traded 0.35% lower, while the S&P 500 futures traded 0.37% lower. Consequently, the S&P 500 VIX futures are up 1.96%. Meanwhile, Crude oil prices in the US are down 2.96% at USD 51.13/barrel.
The stock markets are likely to be influenced by reports on service sector activity, private sector employment and international trade due for release this week, before the all-important monthly jobs data on Friday. The Federal Reserve is also scheduled to release the minutes of its latest monetary policy meeting, although the overall tone is likely to be in line with the Dec. 17th policy statement.
Meanwhile, in overseas trading, stock markets across the Asia-Pacific region turned in a mixed performance today. In Europe, the London’s Ftse is down 1.1%, while the German Dax and the French Cac have declined 1.5% and 1.6% respectively.
At the time of writing, the DJIA futures traded 0.35% lower, while the S&P 500 futures traded 0.37% lower. Consequently, the S&P 500 VIX futures are up 1.96%. Meanwhile, Crude oil prices in the US are down 2.96% at USD 51.13/barrel.
The stock markets are likely to be influenced by reports on service sector activity, private sector employment and international trade due for release this week, before the all-important monthly jobs data on Friday. The Federal Reserve is also scheduled to release the minutes of its latest monetary policy meeting, although the overall tone is likely to be in line with the Dec. 17th policy statement.
Meanwhile, in overseas trading, stock markets across the Asia-Pacific region turned in a mixed performance today. In Europe, the London’s Ftse is down 1.1%, while the German Dax and the French Cac have declined 1.5% and 1.6% respectively.