16 Dec 2014
US stocks likely to extend losses
FXStreet (Mumbai) - The US stocks are likely to open lower and extend losses witnessed in the previous session as the risk aversion firms its grip on global markets.
At the time of writing, the DJIA futures are down 0.22%, while the S&P 500 futures are down 0.34%. The NASDAQ futures weakened 0.58%, along with a 0.11% fall in the Russell futures. Accordingly, the VIX futures advanced 2.14%.
On the data front, the commerce department in the US reported a disappointing housing data. Housing starts fell 1.6%, while Building permits, an indicator of future housing demand, tumbled 5.2%. The Markit manufacturing PMI data also due out of the US today.
Meanwhile, caution is also expected as the Federal Reserve kicks off its two-day monetary policy meeting. The Fed is widely expected to leave interest rates unchanged tomorrow, but traders will be paying close attention to whether the central bank reiterates its intention to keep rates at low levels for a "considerable time".
In overseas trading, tock markets across the Asia-Pacific region moved mostly lower today after the HSBC data showed Chinese manufacturing activity slowed down in December. Meanwhile, the major European markets are turning in a mixed performance on the day.
At the time of writing, the DJIA futures are down 0.22%, while the S&P 500 futures are down 0.34%. The NASDAQ futures weakened 0.58%, along with a 0.11% fall in the Russell futures. Accordingly, the VIX futures advanced 2.14%.
On the data front, the commerce department in the US reported a disappointing housing data. Housing starts fell 1.6%, while Building permits, an indicator of future housing demand, tumbled 5.2%. The Markit manufacturing PMI data also due out of the US today.
Meanwhile, caution is also expected as the Federal Reserve kicks off its two-day monetary policy meeting. The Fed is widely expected to leave interest rates unchanged tomorrow, but traders will be paying close attention to whether the central bank reiterates its intention to keep rates at low levels for a "considerable time".
In overseas trading, tock markets across the Asia-Pacific region moved mostly lower today after the HSBC data showed Chinese manufacturing activity slowed down in December. Meanwhile, the major European markets are turning in a mixed performance on the day.