Wall Street Might Open Broadly Up

(RTTNews) - Initial cues from the U.S. Futures Index suggest that Wall Street might open mostly up on Monday. Geopolitical developments might be influencing market sentiments.

Political development in the U.K. after announcement of resignation of Prime Minister Keir Starmer is closely watched by investors in Europe. Seventh Prime Minister will be sworn in soon. Media reports said that Andy Burnham, former mayor of Greater Manchester is likely to replace Starmer.

Meanwhile, the first round of negotiations between the US and Iran ended with positive outcome, creating a roadmap to a final deal in next two-month time.

As of 8.00 am ET, the Dow futures were gaining 32.00 points, the S&P 500 futures were losing 6.25 points and the Nasdaq 100 futures were slightly up 43.00 points.

The U.S. major averages finished higher on Thursday. The tech-heavy Nasdaq surged 496.28 points or 1.9 percent to 26,517.93. The S&P 500 jumped 80.48 points or 1.1 percent to 7,500.58, while the narrower Dow posted a much more modest gain, inching up 72.15 points or 0.1 percent to 51,564.70.

On the economic front, the 3-month Treasury Bill auction will be held at 11.30 am ET.

Six-month Treasury Bill auction will be held at 11.30 am ET.

Asian shares finished broadly up on Monday. China's Shanghai Composite Index added 73 points or 1.78 percent to finish trading at 4,163.10. The Hang Seng Index of the Hong Kong Stock Exchange fell 156 points or 0.65 percent to finish trading at 23,768.52.

The Japanese benchmark Nikkei 225 added 1,104 points or 1.55 percent to close trading at 72,353.96.

Australia's S&P/ASX200 lost 13 points or 0.14 percent to close at 8,816.10.