The focus on Tuesday is likely to be on the Producer Price Inflation (PPI) data for December. Early indicators from the U.S. Futures Index suggest a positive opening for Wall Street.
In the global markets, Asian shares closed mostly higher, and European shares are broadly advancing.
As of 8:00 a.m. Eastern Time, Dow futures had increased by 76 points, S&P 500 futures had risen by 11.50 points, and Nasdaq 100 futures had climbed 44.50 points.
On Monday, U.S. major indices finished mostly in positive territory. The S&P 500 gained 9.18 points, or 0.2%, closing at 5,836.22, while the Nasdaq declined by 73.53 points, or 0.4%, ending at 19,088.10. The Dow Jones Industrial Average rose by 358.67 points, or 0.9%, closing at 42,297.12.
Regarding economic data, the PPI-Final Demand for December is scheduled for release at 8:30 a.m. ET, with expectations of a 0.3% increase, compared to a 0.4% rise in the previous month.
The Treasury Statement for December will be announced at 2:00 p.m. ET, with projections pointing to a deficit of $85 billion, following a deficit of $366.8 billion in November.
At 10:00 a.m. ET, Kansas City Federal Reserve President Jeffrey Schmid is set to discuss the economic and monetary policy outlook at the Central Exchange. Later, at 3:05 p.m. ET, New York Fed President John Williams will deliver opening remarks at the 4th Annual "An Economy That Works for All: Housing Affordability" event.
In Asian markets, China’s Shanghai Composite Index surged 2.5% to conclude at 3,240.94, while the Shenzhen Component Index rose by 3.8% to close at 10,165.17. Hong Kong's Hang Seng Index advanced by 346 points, or 1.8%, to close at 19,219.78. The Japanese Nikkei 225, however, fell by 716 points, or 1.83%, ending the day at 38,474.30. Australia's S&P/ASX200 increased by 39 points, or 0.48%, finishing at 8,231.00.
In Europe, markets are predominantly in the green. France's CAC 40 is up by 67.20 points, or 0.91%; Germany’s DAX is gaining 159.52 points, or 0.79%; however, England’s FTSE 100 is down by 8.21 points, or 0.10%. The Swiss Market Index is experiencing a decline, falling by 205.47 points, or 2.21%.
The Euro Stoxx 50, which features leading supersector leaders in the Eurozone, is also up by 0.90%.
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