2 Feb 2015
US stocks may begin the month on a positive note
FXStreet (Mumbai) - Early indications on the Wall Street suggests that US stocks may open on a positive note after posting losses in the previous week.
At the time of writing, the DJIA futures traded 0.16% higher at 17,124.00 levels, while the S&P futures traded 0.13% higher at 1990.95 levels. Meanwhile, NASDAQ and Russell futures were up 0.05% and 0.09% at 4143.20 and 1162.20 levels respectively. The VIX futures trade 0.48% lower at 20.93 levels.
The stock markets may take heart from the fact that the Personal income in December rose 0.3%. Markets may also stay tuned to earnings from oil giant Exxon Mobil and the data on manufacturing activity. However, gains may be capped after the data showed consumer spending at the weakest level since 2009.
Meanwhile, major Asian markets ended on a mixed note as weak Chinese manufacturing data capped risk-on buying. The slightly risk averse tone was carried over to the European markets, which trade marginally higher after a positive opening.
At the time of writing, the DJIA futures traded 0.16% higher at 17,124.00 levels, while the S&P futures traded 0.13% higher at 1990.95 levels. Meanwhile, NASDAQ and Russell futures were up 0.05% and 0.09% at 4143.20 and 1162.20 levels respectively. The VIX futures trade 0.48% lower at 20.93 levels.
The stock markets may take heart from the fact that the Personal income in December rose 0.3%. Markets may also stay tuned to earnings from oil giant Exxon Mobil and the data on manufacturing activity. However, gains may be capped after the data showed consumer spending at the weakest level since 2009.
Meanwhile, major Asian markets ended on a mixed note as weak Chinese manufacturing data capped risk-on buying. The slightly risk averse tone was carried over to the European markets, which trade marginally higher after a positive opening.