Wall Street Might Open Broadly Up

(RTTNews) - Wednesday, trading activity might be subdued and the Producer Price Inflation data might get attention. Israel's strike on Qatar capital has been condemned by many countries and President Donald Trump said he was "not thrilled" about the whole situation.

Asian shares finished positive, while European shares are trading mostly up.

Early signs from the U.S. Futures Index suggest that Wall Street might open broadly up.

As of 8.20 am ET, the Dow futures were declining 80.00 points, the S&P 500 futures were adding 19.75 points and the Nasdaq 100 futures were progressing 68.00 points.

The U.S. major averages remained in positive territory at the close on Tuesday. The Dow increased 196.39 points or 0.4 percent to 45,711.34, the Nasdaq climbed 80.79 points or 0.4 percent to 21,879.49 and the S&P 500 rose 17.46 points or 0.3 percent to 6,512.61.

On the economic front, the PPI-Final Demand for August will be issued at 8.30 am ET. The consensus is for an increase of 0.3 percent, while it was up 0.9 percent in the prior month.

The Wholesale Inventories (Preliminary) for July is scheduled at 10.00 am ET. The consensus is for an increase of 0.2 percent, while it was up 0.1 percent in June.

The Energy Information Administration or EIA's Petroleum Status Report for the week will be released at 10.30 am ET. In the prior week, the crude oil inventories were up 2.4 million barrels and gasoline inventories were down 3.8 million barrels.

The 4-month Treasury Bill auction will be held at 11.30 am ET. 10-year Treasury Note auction will be held at 1.00 pm ET.

Asian markets finished on a positive note on Wednesday. China's Shanghai Composite Index inched up 0.1 percent to finish trading at 3,812.22. The day's trading ranged between 3,827.00 and 3,794.06. The Shenzhen Component Index closed 0.4 percent higher at 12,557.68.

The Japanese benchmark Nikkei 225 Index closed at 43,837.67. The Hang Seng Index of the Hong Kong Stock Exchange was up 1.0 percent to finish trading at 26,200.26.

Australia's S&P/ASX200 Index closed trading at 8,830.40, gaining 0.3 percent from the previous close.

European shares are trading mostly higher. CAC 40 of France is gaining 39.39 points or 0.51 percent. DAX of Germany is up 5.51 points or 0.02 percent. FTSE 100 of England is adding 14.91 points or 0.16 percent. The Swiss Market Index is sliding 6.60 points or 0.05 percent.

Euro Stoxx 50 that provides a Blue-chip representation of supersector leaders in the Eurozone, is up 0.23 percent.