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17 Oct 2014
US Equity futures point to a strong opening
FXStreet (Mumbai) - The US Equity futures have gained strength tracking the gains in the European equity markets.
The DJIA December futures are trading 1.01%h higher at 16, 176, while the S&P December futures are trading 1.20% higher at 1872.95. Meanwhile, the ten-year treasury yield in the US is trading steady around 2.19%.
Moreover, the US index futures have strengthened on speculation that the Federal Reserve may support economic growth with more stimulus, while Morgan Stanley and General Electric Co. reported better-than-estimated profits.
The DJIA December futures are trading 1.01%h higher at 16, 176, while the S&P December futures are trading 1.20% higher at 1872.95. Meanwhile, the ten-year treasury yield in the US is trading steady around 2.19%.
Moreover, the US index futures have strengthened on speculation that the Federal Reserve may support economic growth with more stimulus, while Morgan Stanley and General Electric Co. reported better-than-estimated profits.