1 Dec 2014
Wall Street likely to open lower
FXStreet (Mumbai) - The action in the US index futures indicated the stock markets in the US are likely to open lower today as lukewarm manufacturing data out of China and Eurozone coupled with falling commodity prices is likely to result in weak sentiment on Wall Street.
At the time of writing, the DJIA December futures traded 0.35% lower at 17,749.50 levels, while the S&P 500 December futures traded 0.45% lower at 2056.95 levels. Meanwhile, the Russell 2000 Dec futures and the NASDAQ Dec futures are down 0.49% and 0.31% respectively. The weak opening is evident from the S&P 500 VIX futures which are up 1.52% at 15.05.
The investors will also watch out for the first tier data in the US due for release after the opening bell. The ISM and Markit PI manufacturing indices are due for release today. Both indicators are expected to come-in well above the 50.00 levels. Meanwhile, New York Federal Reserve Bank President William Dudley is due to speak in New York at 17:15 GMT and Federal Reserve Vice Chair Stanley Fischer will take part in a conversation on the Federal Reserve in New York at 18:00 GMT.
Earlier today, most of the Asian markets closed lower amid falling commodity prices and weak Chinese manufacturing data. Japanese markets managed to gain on weak Yen and a surprise rise in capital spending by companies. In Europe, the stock markets weakened as the commodity shares took a beating on weak energy and metal prices.
At the time of writing, the DJIA December futures traded 0.35% lower at 17,749.50 levels, while the S&P 500 December futures traded 0.45% lower at 2056.95 levels. Meanwhile, the Russell 2000 Dec futures and the NASDAQ Dec futures are down 0.49% and 0.31% respectively. The weak opening is evident from the S&P 500 VIX futures which are up 1.52% at 15.05.
The investors will also watch out for the first tier data in the US due for release after the opening bell. The ISM and Markit PI manufacturing indices are due for release today. Both indicators are expected to come-in well above the 50.00 levels. Meanwhile, New York Federal Reserve Bank President William Dudley is due to speak in New York at 17:15 GMT and Federal Reserve Vice Chair Stanley Fischer will take part in a conversation on the Federal Reserve in New York at 18:00 GMT.
Earlier today, most of the Asian markets closed lower amid falling commodity prices and weak Chinese manufacturing data. Japanese markets managed to gain on weak Yen and a surprise rise in capital spending by companies. In Europe, the stock markets weakened as the commodity shares took a beating on weak energy and metal prices.