The US stock market open on good growth statistics
Trading on the U.S. stock market can start modestly positive on the good statistics and corporate reports.
The major stock indexes of USA at the end of trading Tuesday increased by an average of 1.5% on the background of strong data on the real estate market and industrial production in the United States and the continuing period of publication of financial reports of the companies.
Asian markets Wednesday closed the trades moderately higher, Japan’s Nikkei 225 rose 1.4%. Futures on US stock indexes grow in the range of 0.3%.
Oil when it becomes more expensive to the level of 72,7 USD per barrel of Brent crude on the API data on the reduction of inventories in the United States. For a week the oil reserves in the U.S. declined by 1.05 million barrels to 427,55 million barrels. In addition, the oil continues to rise because of fears about possible supply disruptions amid global risks. In particular, one of them is the production decline in Venezuela.
European stocks on Wednesday traded in the positive area, their height is in the range of 0.9%. The Euro/dollar is at the level of 1,2385 dollar.
Against the background of these external signals, you can expect a positive start of trading on the U.S. stock market on Wednesday.
GK Forex Club