Shutterstock photo(RTTNews.com) - The market is poised for a broadly higher opening on Wednesday. Durable Goods Orders and National Realtors Pending Home Sales Index for August are expected today. Asian shares closed mixed, while European shares are trading mostly up.
As of 7.15 am ET, the Dow futures were adding 19 points, the S&P 500 futures were gaining 4.00 points and the Nasdaq 100 futures were climbing 13 points. U.S. stocks closed mixed on Tuesday. The Dow dipped 11.77 points or 0.1 percent to 22,284.32, the Nasdaq rose 9.57 points or 0.2 percent to 6,380.16 and the S&P 500 inched up 0.18 points or less than a tenth of a percent to 2,496.84.
On the economic front, the Commerce Department's Durable Goods Orders for August will be issued at 8.30 am ET. The economists are looking for growth consensus of 1.5 percent, compared to a decline of 6.8 percent in new orders. The National Association of Realtors' Pending Home Sales Index for August will be published at 10.00 am ET. The consensus is for a decline of 0.2 percent, narrower than 0.8 percent in the prior month.
Two-year FRN Note auction will be held at 11.30 am, while 5-year Treasury Note auction will be held at 1.00 pm ET.
Minneapolis Federal Reserve Bank President Neel Kashkari will be delivering a welcoming remarks at Tribal Community Perspectives on Higher Education in Minneapolis at 9.15 am ET.
St. Louis Federal Reserve Bank President James Bullard will discuss the U.S. economy and monetary policy at Truman State University in Kirksville, Missouri, with audience and media Q&A at 1.30 pm ET.
In the corporate sector, Merck KGaA of Germany, and Pfizer Inc. announced that the Japanese Ministry of Health, Labour and Welfare has approved Bavencio for curatively unresectable Merkel cell carcinoma or MCC, a rare and aggressive cancer, in Japan.
Asian stocks ended mixed. Chinese shares climbed, while Hong Kong's Hang Seng index closed 129.42 points or 0.47 percent higher at 27,642.43. Japanese shares hit 1-1/2 week lows as many heavyweight stocks went ex-dividend, offsetting investor optimism over a declining yen following Yellen's comments.
The Nikkei average declined 63.14 points or 0.31 percent to 20,267.05, the lowest level since Sept. 15, while the broader Topix index closed 0.50 percent lower at 1,664.43.
Australian shares fell for a second straight session. The benchmark S&P/ASX 200 index slipped 6.70 points or 0.12 percent to 5,664.30 while the broader All Ordinaries index closed marginally lower at 5,725.50.
European shares are trading mostly up. Among the major indexes in the region, the CAC 40 Index of France is climbing 12.12 points or 0.23 percent, the German DAX is gaining 63.25 points or 0.50 percent. The U.K. FTSE 100 Index is adding 23.47 points or 0.32 percent. The Swiss Market Index is up 0.21 points or 0.01 percent.
The Euro Stoxx 50 Index, which is a compilation of 50 blue chip stocks across the euro area, is down 0.55 percent.
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