US index futures point to a positive start

FXStreet (Mumbai) – The major index futures in the US are pointing to a positive opening as the Fed’s 25 basis points rate hike along with a hawkish Dot Chart appears to have been well received by the markets.

At the time of writing, the S&P 500 futures were up 3.5 points or 0.18%. The DJIA futures were up 38 points or 0.22%.

The stock markets in Europe and Asia took cues from the uptick in the US markets following the Fed’s rate hike yesterday and rallied. The pan-European Euro Stoxx 600 currently trades with 2% gains. Germany’s DAX is up more than 3%.

Though the markets were caught off guard by the Fed’s hawkish Dot Chart, the stock markets have managed to stay upbeat. Moreover, the US stock markets point to a repeat of the historical pattern of resilience following Fed rate hike in the past.

The major index futures in the US are pointing to a positive opening as the Fed’s 25 basis points rate hike along with a hawkish Dot Chart appears to have been well received by the markets.

(Market News Provided by FXstreet)