Futures contracts in Wall Street set for another positive opening in cash markets as the Dow Jones Industrial, Nasdaq, and S&P 500 futures trading close to daily highs on renewed optimism after US government granted a 90-day extension to Huawei to do business with US companies.
InvestingCube's S&R Levels
Not in Buy Zone
Before the markets open we expect data from US housing market, the housing starts and building permits for October, with encouraging macro data might further boost the sentiment in Wall Street.
Traders will focus on minutes from the latest Fed meeting on Wednesday, which might provide some clues as to how Fed members feel about monetary policy ahead of the final FOMC meeting in December.
Asian indices ended mostly higher while Nikkei 225 finished 0.53 lower at 23,292. European stock indices are trading close to daily highs supported by optimism that trade negotiations will end with an agreement. DAX is 1.00% higher at 13,337, CAC 40 trading 0.35% higher at 0.35%. In London the FTSE 100 is 1.16% at 7,392 ahead of the Johnson-Corbyn live debate.