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US Equity futures turn positive

FXStreet (Mumbai) - The US equity futures turned positive tracking recovery in the European markets while the ten-year and the two-year treasury yields have declined.

The S&P futures are trading 0.34% higher at 1900.95 while the DJIA futures are trading 0.20% higher at 16,470. The quarterly results from the corporate are expected to take center stage from tomorrow. The earnings season kicks-off from tomorrow with major banks such as J.P. Morgan Chase & Co. and Citigroup Inc. due to report their results.

The earnings boost is much needed in order to stabilize the equity markets, which suffered their deepest weekly declines since May 2012 last week.

Government offices shall remain close today in the US on account the Columbus day. The bond markets would remain closed as well. Hence, there will not be any cues from the treasuries. The data docket is thin today, which makes it a lackluster trading day.

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