US index futures point to positive start to month

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Mar 1, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
    Likes Received:
    The major US index futures are indicating the equities are likely to begin the month on a front foot.

    At the time of writing, Dow futures were up 122 points or 0.74%. S&P 500 futures were up 16 points or 0.80%. Nasdaq futures too were pointing to a positive opening.

    The positive action is hardly surprising, given the European bourses have witnessed risk-on trading. London’s FTSE 100 rose to a new two-month high on Tuesday and the Shanghai Composite climbed 1.7% following PBOC’s rate cut surprise.

    Ahead in the day, the economic calendar is light with two separate manufacturing PMI reports due for release.
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