The report on Import and Export prices is anticipated to take on critical significance this Friday. Current indications from the U.S. Futures Index suggest that Wall Street may open on a positive note.
In the world of trading, Asian stock markets mostly closed lower, whereas European markets are showing an upward trend.
Geopolitical events remain at the forefront of investor considerations. Much discussion is centered around U.S. President-elect Donald Trump's imminent inauguration and the subsequent invitations extended to China's Premier Xi Jinping.
During the Asian trading session, the dollar index remained unchanged, while oil and gold saw gains.
At 7:45 AM ET, the Dow futures had risen by 62 points, the S&P 500 futures had increased by 21.25 points, and the Nasdaq 100 futures had climbed by 172.75 points.
On Thursday, U.S. major averages reached new lows by the market close. The Dow decreased by 234.44 points or 0.5 percent to 43,914.12. The Nasdaq fell 132.05 points or 0.7 percent to 19,902.84, while the S&P 500 declined by 32.94 points or 0.5 percent to 6,051.25.
Looking ahead, the report for November's Import and Export Prices will be released at 8:30 AM ET. The market anticipates a decline of 0.3 percent, contrasting with the previous month's rise of 0.3 percent.
The Baker Hughes Rig Count, scheduled for release at 1:00 PM ET, previously recorded a North American rig count of 783 and a U.S. rig count of 589.
In Asia, stock markets presented a mixed picture on Friday. China's Shanghai Composite Index decreased by 2.01 percent to 3,391.88, and Hong Kong's Hang Seng Index dropped 2.09 percent to 19,971.24.
Japanese markets experienced notable declines, with the Nikkei average down 0.95 percent to 39,470.44, and the broader Topix index closing 0.95 percent lower at 2,746.56. Australian markets also ended in negative territory, with the benchmark S&P/ASX 200 down 0.41 percent to 8,296, and the broader All Ordinaries index falling 0.43 percent to 8,550.30.
In Europe, markets are primarily on an upward trend. France’s CAC 40 is up 11.44 points or 0.15 percent, Germany’s DAX has risen by 38.20 points or 0.19 percent, and England’s FTSE 100 is up 5.04 points or 0.06 percent. The Swiss Market Index has slightly increased by 2.49 points or 0.02 percent.
The Euro Stoxx 50, which offers a blue-chip representation of sector leaders in the Eurozone, has gone up by 0.28 percent.
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