After moving mostly lower over the course of the previous session,
stocks may move back to the upside in early trading on Tuesday. The
major index futures are currently pointing to a notably higher open for
the markets, with the Dow futures up by 105 points.
Early buying interest may be generated by reports that eurozone officials are considering extending Greece's bailout program by up to six months.
The European Commission will reportedly offer the proposal amid indications that the new Greek government is softening its rhetoric behind the scenes.
The reports may ease concerns about the Greek debt negotiations after a defiant speech by new Greek Prime Minister Alexis Tsipras weighed on the markets on Monday.
Peter Boockvar, managing director at the Lindsey Group, said comments by Finance Minister Yanis Varoufakis suggesting that Greece will adhere to 70 percent of the reforms in the current bailout agreement seemed to have been the first step of backing off their original demands.
Nonetheless, trading activity may be somewhat subdued on the day, as traders may stay on the sidelines amid another relatively quiet day on the U.S. economic front.
The Commerce Department is scheduled to release its monthly report on wholesale inventories at 10 am ET, although the data does not typically impact the markets.
Later in the week, trading could be impacted by more closely watched reports on weekly jobless claims, retail sales, and consumer sentiment.
Read more Click here / www.trade4x.net
Early buying interest may be generated by reports that eurozone officials are considering extending Greece's bailout program by up to six months.
The European Commission will reportedly offer the proposal amid indications that the new Greek government is softening its rhetoric behind the scenes.
The reports may ease concerns about the Greek debt negotiations after a defiant speech by new Greek Prime Minister Alexis Tsipras weighed on the markets on Monday.
Peter Boockvar, managing director at the Lindsey Group, said comments by Finance Minister Yanis Varoufakis suggesting that Greece will adhere to 70 percent of the reforms in the current bailout agreement seemed to have been the first step of backing off their original demands.
Nonetheless, trading activity may be somewhat subdued on the day, as traders may stay on the sidelines amid another relatively quiet day on the U.S. economic front.
The Commerce Department is scheduled to release its monthly report on wholesale inventories at 10 am ET, although the data does not typically impact the markets.
Later in the week, trading could be impacted by more closely watched reports on weekly jobless claims, retail sales, and consumer sentiment.
Read more Click here / www.trade4x.net
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