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US index futures point to flat opening

FXStreet (Mumbai) - Wall street appears to be cautious ahead of the release of the Housing data, as the equity index futures point to a flat opening with a negative bias.

The DJIA futures traded up by 2 points while the NASDAQ traded up by 1.5 points at the time of writing. Meanwhile S&P 500 traded unchanged. Earlier today, the Asian markets closed mixed while the European markets are currently trading higher, supported by the positive German Zew survey data and corporate news.

On the macro front, the US PPI is due for release today, followed by the National Association of Home Builders (NAHB) housing market index. Meanwhile, the renowned dove Minneapolis Federal Reserve Bank President Narayana Kocherlakota is due to speak on clarifying monetary policy objectives.

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