News Column

Futures Pointing To A Roughly Flat Open On Wall Street

August 12, 2014

WASHINGTON (Alliance News) - After ending the previous session mostly higher, stocks may show a lack of direction in early trading on Tuesday. The major index futures are currently pointing to a roughly flat open for the markets, with the Dow futures up by just 5 points.

Another quiet day on the US economic front may lead to choppy trading on the day, with traders looking ahead to the release of some key data in the coming days.

The Commerce Department is scheduled to release its closely retail sales report on Wednesday, while reports on weekly jobless claims, producer prices and industrial production may attract attention later in the week.

Traders are also keeping an eye on developments overseas amid reports that Russia is sending a convoy of 280 trucks carrying humanitarian aid to eastern Ukraine.

Officials from the Ukrainian government have indicated that the convoy will not be allowed to cross the border due to concerns that the aid may used as a pretense for launching a military intervention.

Indications that a new truce between Israel and Hamas is holding could also impact trading along with news that Iraqi President Fuad Masum nominated a new Prime Minister.

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Source: Alliance News

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