Wednesday March 29th

29-03-2017

US futures point to mixed open on Wall Street; data eyed

U.S. stock index futures pointed to a mixed open on Wednesday following a rally on better-than-expected economic data in the previous session. On the earnings front, Paychex and UniFirst are scheduled to report before the bell. Lululemon Athletica and Worthington Industries are both due to report after the market close. Wednesday also will see existing home sales for February released at around 10 a.m ET. In Europe, the pan-European Stoxx-600 index was around 0.08 percent lower on Wednesday, after UK Prime Minister Theresa May formally began the Brexit process. In Asia, the Shanghai Composite in China closed 0.36 percent lower, while the Nikkei in Japan closed 0.08 percent higher. In oil markets, Brent crude traded at around $51.64 a barrel on Wednesday, up 0.6 percent, while U.S. crude was around $48.61 a barrel, up 0.5 percent. Oil prices extended gains from the previous session as investors expectations lifted that OPEC-led production cuts could continue into the second half of 2017. Gold edged higher on Wend Gold edged higher on Wednesday as uncertainty about Brexit talks, French elections and U.S. President Donald Trump's economic policies boosted safe haven buying, offsetting a firmer dollar. Spot gold was up 0.09 percent at $1,252.70 per ounce. U.S. gold futures slipped 0.24 percent to $1,252.60.