The major US index futures are indicating the equities are likely to begin the month on a front foot.
At the time of writing, Dow futures were up 122 points or 0.74%. S&P 500 futures were up 16 points or 0.80%. Nasdaq futures too were pointing to a positive opening.
The positive action is hardly surprising, given the European bourses have witnessed risk-on trading. London’s FTSE 100 rose to a new two-month high on Tuesday and the Shanghai Composite climbed 1.7% following PBOC’s rate cut surprise.
Ahead in the day, the economic calendar is light with two separate manufacturing PMI reports due for release.
(Market News Provided by FXstreet)
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