Stocks index futures in the US were seen trading higher on Thursday, following Wednesday’s biggest drop in two weeks as traders awaits reports on home sales, jobless claims and the US gross domestic product (GDP) for the final quarter of the year.
Futures for the Standard & Poor’s 500 Index gained 0.18% to 1,845.90 in New York at the time of writing. While Dow Jones average contracts edged 32 points higher to 16,211.
Stocks – Expected Reports
As traders await the US gross domestic products (GDP) for the fourth quarter, analysts are expecting to see a growth by 2.7%, picking up from the previous estimates of 2.4%.
A separate report may reveal that the Commerce Department increased its forecast for economic growth for last year’s final quarter to 2.7%, according to analysts,
Another report which is expected to be released later in the day is the jobless claims, which is expected to show a rise to 323,000 in the week ending March 22, compared to the previous week figures of 320,000.
The release for pending home sales for February may show a rise by 0.2% month-on-month, following the 0.1% gain in January.
Earlier this month, Federal Reserve’s (Fed) Chair Janet Yellen said the US Central bank’s asset purchases could possible end around October this year and benchmark interest rates may increase in the next six months. As Cleveland Fed president Sandra Pianalto is expected to give a speech at later in the day.
Ukraine Crises
Earlier in the day, the International Monetary Fund said it agreed to a $14 billion – $18 billion standby agreement with Ukraine, while the US President met with European leaders to discuss harsher consequences against Russia.
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Stocks index futures in the US were seen trading higher on Thursday, following Wednesday’s biggest drop in two weeks as traders awaits reports on home sales, jobless claims and the US gross domestic product (GDP) for the final quarter of the year.
Futures for the Standard & Poor’s 500 Index gained 0.18% to 1,845.90 in New York at the time of writing. While Dow Jones average contracts edged 32 points higher to 16,211.
Stocks – Expected Reports
As traders await the US gross domestic products (GDP) for the fourth quarter, analysts are expecting to see a growth by 2.7%, picking up from the previous estimates of 2.4%.
A separate report may reveal that the Commerce Department increased its forecast for economic growth for last year’s final quarter to 2.7%, according to analysts,
Another report which is expected to be released later in the day is the jobless claims, which is expected to show a rise to 323,000 in the week ending March 22, compared to the previous week figures of 320,000.
The release for pending home sales for February may show a rise by 0.2% month-on-month, following the 0.1% gain in January.
Earlier this month, Federal Reserve’s (Fed) Chair Janet Yellen said the US Central bank’s asset purchases could possible end around October this year and benchmark interest rates may increase in the next six months. As Cleveland Fed president Sandra Pianalto is expected to give a speech at later in the day.
Ukraine Crises
Earlier in the day, the International Monetary Fund said it agreed to a $14 billion – $18 billion standby agreement with Ukraine, while the US President met with European leaders to discuss harsher consequences against Russia.
Visit www.hymarkets.com to find out more about our products and start trading today with only $50 using the latest trading technology today
The post US Stocks Futures Trades Higher Before GDP Report appeared first on | HY Markets Official blog.
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