FX.co ★ Wall Street Set To Open Higher

Investors today might focus on the Chicago Fed National Activity Index for March. This week also sees major corporate companies scheduling their earnings results. Initial trends on the U.S. Futures Index suggest that Wall Street might open on a positive note.

Most Asian shares made gains, while European shares also traded higher overall. At 7.50 am ET, the future indexes for the Dow, the S&P 500, and the Nasdaq 100 were all trending upwards, indicating an increase of 230.00 points, 29.50 points, and 104.25 points, respectively.

On Friday, the U.S. major averages closed mostly lower. The Nasdaq saw a substantial drop of 319.49 points or 2.1 percent, closing at 15,282.01. The S&P 500 also declined for the sixth consecutive day, falling by 43.89 points or 0.9 percent to reach a two-month low of 4,967.23. However, the Dow extended its slim gain from the previous session, rising by 211.02 points or 0.6 percent to end at 37,986.40.

Regarding economic news, the Chicago Fed National Activity Index for March is set to be released at 8.30 am ET. The Index recorded an increase of 0.05 in the previous month. Also scheduled for today is the 3-month and 6-month Treasury bill auction, to be held at 11.30 am ET.

Asian stocks saw a resurgence on Monday. However, China's Shanghai Composite index closed 0.67 percent lower, at 3,044.60. Solid gains were recorded in Hong Kong's Hang Seng, which rallied by 1.77 percent to reach 16,511.69.

Japan's shares ended much higher. The Nikkei average increased by 1 percent to finish at 37,438.61, while the broader Topix index concluded 1.38 percent higher at 2,662.46.

Australian markets saw gains on Monday. The benchmark S&P ASX 200 advanced by 1.08 percent to close at 7,649.20, and the broader All Ordinaries index also gained 1.08 percent, ending at 7,902.