US pre-open: Futures point to flat open on NYE

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Sharecast News | 31 Dec, 2019

Updated : 12:11

US futures were pointing to another flat open on Tuesday after dropping from their all-time highs by end of the previous session.

As of 1200 GMT, Dow and S&P 500 futures were up 0.06%, while Nasdaq-100 futures were 0.05% firmer.

The Dow closed 183.12 points lower on Monday as shares headed south when investors claimed profits from some of the year's biggest gainers.

Tuesday's focus will likely remain oh international trade and political developments, with the US set to sign their so-called "phase one" trade deal with China early in January.

US trade negotiators will also be meeting with their European counterparts early in 2020 ahead of another presidential election.

On the data front, October's house price index will be published at 1400 GMT, while consumer confidence numbers will be posted at 1500 GMT.

No corporate earnings were scheduled for release on Tuesday.

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