Futures Point To Positive Opening For Wall Street
2/11/2019 8:08 AM
No major economic announcements are there on Monday. Investors are looking ahead to a busy week ahead.
Corporate majors such as Cisco, Coca-Cola and Deer and PepsiCo will be reporting their earnings this week.
Asian shares finished mixed, while European shares are trading positive.
Early signs from the U.S. Futures Index suggest that Wall Street might open higher.
As of 7.50 am ET, the Dow futures were gaining 89.00 points, the S&P 500 futures were adding 9.75 points and the Nasdaq 100 futures were up 36.25 points.
The U.S. major averages closed broadly lower on Friday. Dow ended the day down 63.20 points or 0.3 percent at 25,106.33. The Nasdaq edged up 9.85 points or 0.1 percent to 7,298.20 and the S&P 500 inched up 1.83 points or 0.1 percent to 2,707.88.
On the economic front, six-month Treasury Bill Auction will be held at 11.30 am ET.
Asian markets ended mixed on Monday.
The Chinese market after long holidays, closed higher, while the Japanese market remained closed for National Foundation Day.
In Shanghai, the Shanghai Composite Index ended up 1.36%. Hong Kong's Hang Seng closed higher by about 0.6% and Taiwan's benchmark ended up 0.72%.
In Australia, benchmark S&P/ASX 200 ended down 0.18%, at 6,060.80. The broader All Ordinaries index settled at 6,128.60, losing about 0.12%.
European shares are trading higher. Among the major indexes in the region, the CAC 40 Index of France is adding 43.54 points or 0.88 percent, the German DAX is up 91.52 points or 0.85 percent, the U.K. FTSE 100 Index is progressing 47.37 points or 0.67 percent. The Swiss Market Index is climbing 75.05 points or 0.83 percent.
The Euro Stoxx 50 Index, which is a compilation of 50 blue chip stocks across the euro area, is up 0.81 percent.
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