Wall Street All Set To Open Positive

Initial trends on U.S. Futures suggest that Wall Street is all set to open positive. The investors are keenly waiting for the upcoming earnings season.

Asian shares finished mostly up, while European shares are trading higher.

The JOLTS report is the major economic announcement on Wednesday.

The political turmoil in U.K. and oil price changes are closely observed by the investors.

As of 7.45 am ET, the Dow futures were gaining 61.00 points, the S&P 500 futures were adding 4.75 points and the Nasdaq 100 futures were up 14.75 points.

U.S. stocks closed firmly higher on Monday. The Dow soared 320.11 points or 1.3 percent to 24,776.59, the Nasdaq advanced 67.81 points or 0.9 percent to 7,756.20 and the S&P 500 climbed 24.35 points or 0.9 percent to 2,784.17.

On the economic front, the Redbook data that tracks weekly measure of comparable store sales at chain stores, discounters, and department stores, will be published at 8.55 am ET. In the prior week, the Store Sales were up 4.4 percent.

The Bureau of Labor Statistics’ JOLTS report for May will be issued at 10.00 am ET. The consensus is for 6.700 million, versus 6.698 million in the prior week.

Three year Treasury Note Auction will be held at 1.00 pm ET.

In the corporate sector, PepsiCo, Inc. reported second-quarter core EPS of $1.61, an increase of 8 percent from a year ago. Excluding the impact of foreign exchange translation, core constant currency EPS increased 7 percent from the prior-year period. Second-quarter reported earnings per share was $1.28, a decrease of 13 percent from the second quarter of 2017. Net income attributable to PepsiCo was $1.82 billion compared to $2.11 billion, prior year. Second-quarter reported net revenue increased 2.4 percent to $16.09 billion.

Asian stocks closed mostly higher on Tuesday. China’s Shanghai Composite index rose 12.52 points or 0.44 percent to 2,827.63.

Hong Hong’s Hang Seng gave up early gains to finish 6.25 points or 0.02 percent lower at 28,682.25.

Japanese shares extended gains from the previous session. The Nikkei average rose 144.71 points or 0.66 percent to close at 22,196.89. The broader Topix index closed 0.25 percent higher at 1,716.13.

Australian shares gave up early gains to end lower, with banks pacing the decliners. The benchmark S&P/ASX 200 index ended down 27.90 points or 0.44 percent at 6,258.10 while the broader All Ordinaries index shed 23.60 points or 0.37 percent to close at 6,342.80.

European shares are trading positive. Among the major indexes in the region, the CAC 40 Index of France is climbing 37.89 points or 0.71 percent. The German DAX is gaining 86.45 points or 0.86 percent, the U.K. FTSE 100 Index is up 17.19 points or 0.38 percent. The Swiss Market Index is adding 28.91 points or 0/33 percent.

The Euro Stoxx 50 Index, which is a compilation of 50 blue chip stocks across the euro area, is up 0.54 percent.

by RTTNews Staff Writer

Source: Read Full Article