Having posted some meaningful gains in the early part of Wednesday’s session, Wall Street futures have drifted a little higher but suggest we’ll see little change ahead of the opening bell.
Sentiment across Asia continues to improve too, following the downbeat start we saw to the week, with optimism seemingly creeping in around the idea that we may yet see a cordial conclusion to the US-China trade spat.
Yesterday’s solid housing starts from the US again underlined the strength of the economy, so the release of the US leading indicator index shouldn’t hold any real surprises, either. Expectations are for a modest decline month-on-month, but the print should remain comfortably positive.
European markets have been cheered this morning too, although progress from EU talks in Salzburg over Brexit could well change this, especially in London. A press conference is scheduled for 1.15pm GMT.
Ahead of the open we’re calling the Dow up 39 at 26445 and the S&P 500 up 2 at 2910.