US Pre-Open Futures Trading Higher Ahead of Chicago Fed National Activity Index

Dow Jones futures trading 0.27% higher at 27,936 just below all-time high as traders hope that a trade deal can be reached during December after the Chinese government said that would raise fines on intellectual property violations. The S&P 500 futures trading 0.22% higher at 3,118 and Nasdaq futures adding 0.33% at 8,306 as investors await later today the Chicago Fed National Activity Index with expectations at -0.43, the previous reading was at -0.45. Investors will also follow Jerome Powell, who will deliver a speech in Rhode Island later today.

Asian indices finished higher as risk appetite returns to markets, the Nikkei 225 finished 0.78% higher at 23,292 after the Japan Coincident Index came in at 101.1 topping expectations of 101 in September while the Japan Leading Economic Index came in at 91.9, below the expectations of 92.2 for September.  The Hang Seng added 1.50% at 26,993.

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European stock indices also started the session higher, the Dax is adding 0.43% after the Germany IFO – Business Climate index came in at 95 inline with expectations in November, the Current Assessment index came in at 97.9 as expected by analysts, while the Expectations index came in at 92.1, below forecasts of 92.5 for November. CAC 40 trading 0.35% higher at 5,913. In London, the FTSE 100 is 0.90% higher at 7,393.

In forex markets, the EURUSD trades 0.03% lower testing the support at 1.10, the Sterling-Euro exchange rate headed to 1.18? While Turkish Lira is under pressure despite strong Manufacturing Confidence data.

In commodities markets, Crude oil prices linger around 2-Month highs, Gold prices slide on positive US data and renewed trade deal optimism.

Cryptocurrencies trade lower for one more day hitting six-month lows and oversold level, while Ethereum slumps 7.97% at 148,02.More content