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8 Dec 2014
Wall Street may dip on weak Asian data
FXStreet (Mumbai) - The action in the US index futures tells us that the stock markets are likely to open on a negative note after the disappointing data in Japan and China hurt sentiment in the financial markets across Asia and Europe.
The DJIA futures are trading 0.33% lower, while the S&P futures are trading 0.35% lower. On similar lines, the NASDAQ futures and the Midcap Russell 2000 futures are down 0.36% and 0.50% respectively. The risk aversion is also evident from the S&P 500 VIX futures, which are up 1.84%.
The US stock markets ended on a positive note on Friday on the back of the surprisingly strong Non-farm payrolls data of November. Moreover, the encouraging domestic data may help to mitigate the negativity stemming from the overseas data.
On the data front, the US calendar is empty, however, Atlanta Federal Reserve Bank President Dennis Lockhart is due to speak on the economic outlook and monetary policy in Atlanta at 12:30 pm ET.
The DJIA futures are trading 0.33% lower, while the S&P futures are trading 0.35% lower. On similar lines, the NASDAQ futures and the Midcap Russell 2000 futures are down 0.36% and 0.50% respectively. The risk aversion is also evident from the S&P 500 VIX futures, which are up 1.84%.
The US stock markets ended on a positive note on Friday on the back of the surprisingly strong Non-farm payrolls data of November. Moreover, the encouraging domestic data may help to mitigate the negativity stemming from the overseas data.
On the data front, the US calendar is empty, however, Atlanta Federal Reserve Bank President Dennis Lockhart is due to speak on the economic outlook and monetary policy in Atlanta at 12:30 pm ET.