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Wall Street prepares for growth with the opening; Dow near the 20,000 level.

28/12/2016 15:46




On Wednesday, futures on US stock indices point to some recovery at the opening, while the Dow is close to the psychologically important barrier of 20,000.

As of 12:10 GMT futures on the Dow Jones Industrial Average rose 30 points, or 0.15%, futures on the S & P 500 rose by 5 points, or 0.2%, while the Nasdaq 100 futures climbed 13 points, or 0.25%.

Tuesday, Wall Street closed higher due to low trading volumes, with a jump in the technology sector lifted the Nasdaq Composite to a record high on the session and the Dow 20 points was not enough to achieve an important level of 20,000.

Wednesday is expected publication of corporate earnings reports.

Today, the US National Association of Realtors will release November data on pending sales in the housing market at 10:00 am ET (15:00 GMT). As expected, the data show growth in the last month by 0.5% after rising 0.1% in October.

On 8 November, when the elections were held, the shares have risen sharply in price that many analysts have called "Trump Rally" because of hopes that the newly elected president will conduct a fiscal policy that will stimulate economic growth and have a positive effect on the stock.

However, the index is not possible to break through the psychologically important level of 20,000, while experts believe that Trump will need to justify the confidence that stocks were able to maintain the current growth momentum.

European stock markets traded without some movement in quiet trading holidays. Earlier, the stock Asia also showed a mixed trend on the session.

At the same time on Wednesday, oil prices continue to rise against the backdrop of a weakened pre-New Year trade, less than a week before the world's major oil producers will cut production levels in accordance with the agreement reached last month.

WTI crude oil rose 25 cents, or 0.45%, to $ 54.15, trading around polutoraletnego peak of $ 54.51 reached on December 12, while Brent crude oil grew by 35 cents, or 0.6%, to $ 57 17 per barrel, while close to 17-month high of $ 57.89 reached earlier in December.

In the currency market, the US currency is maintained after yesterday's data showed that consumer confidence in the US reached a peak in December for more than 15 years, in addition to certain data on the housing market.

These stressed the expectation that the Fed will raise interest rates at a faster pace next year.

USD Index, which tracks the greenback against a trade-weighted basket of six major rivals, rose 0.3% to 103.32, trading near 14-year peak of 103.62 last week.




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