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FX.co ★ Wall Street Set To Open Positive

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typeContent_19130:::2025-01-14T13:17:00

Wall Street Set To Open Positive

The focus on Tuesday is likely to be on the Producer Price Inflation (PPI) data for December. Early indicators from the U.S. Futures Index suggest a positive opening for Wall Street.

In the global markets, Asian shares closed mostly higher, and European shares are broadly advancing.

As of 8:00 a.m. Eastern Time, Dow futures had increased by 76 points, S&P 500 futures had risen by 11.50 points, and Nasdaq 100 futures had climbed 44.50 points.

On Monday, U.S. major indices finished mostly in positive territory. The S&P 500 gained 9.18 points, or 0.2%, closing at 5,836.22, while the Nasdaq declined by 73.53 points, or 0.4%, ending at 19,088.10. The Dow Jones Industrial Average rose by 358.67 points, or 0.9%, closing at 42,297.12.

Regarding economic data, the PPI-Final Demand for December is scheduled for release at 8:30 a.m. ET, with expectations of a 0.3% increase, compared to a 0.4% rise in the previous month.

The Treasury Statement for December will be announced at 2:00 p.m. ET, with projections pointing to a deficit of $85 billion, following a deficit of $366.8 billion in November.

At 10:00 a.m. ET, Kansas City Federal Reserve President Jeffrey Schmid is set to discuss the economic and monetary policy outlook at the Central Exchange. Later, at 3:05 p.m. ET, New York Fed President John Williams will deliver opening remarks at the 4th Annual "An Economy That Works for All: Housing Affordability" event.

In Asian markets, China’s Shanghai Composite Index surged 2.5% to conclude at 3,240.94, while the Shenzhen Component Index rose by 3.8% to close at 10,165.17. Hong Kong's Hang Seng Index advanced by 346 points, or 1.8%, to close at 19,219.78. The Japanese Nikkei 225, however, fell by 716 points, or 1.83%, ending the day at 38,474.30. Australia's S&P/ASX200 increased by 39 points, or 0.48%, finishing at 8,231.00.

In Europe, markets are predominantly in the green. France's CAC 40 is up by 67.20 points, or 0.91%; Germany’s DAX is gaining 159.52 points, or 0.79%; however, England’s FTSE 100 is down by 8.21 points, or 0.10%. The Swiss Market Index is experiencing a decline, falling by 205.47 points, or 2.21%.

The Euro Stoxx 50, which features leading supersector leaders in the Eurozone, is also up by 0.90%.

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