Wall Street set to follow gains in European market…

Posted: 2017-02-21 13:00:00 | Author: Predator Research Predator Research

…after upbeat manufacturing surveys lifted investor sentiment. Euro zone private sector and manufacturing growth unexpectedly accelerated to near a six-year high in February and job creation reached its fastest since August 2007, propelled by strong demand and optimism about the future. Markit’s U.S. PMI data is due later in the day. A steep decline in shares of HSBC weighed on markets, while Asian stocks recorded a mixed trading day. Gold remained under pressure as expectations of an interest rate hike by the U.S. Federal Reserve in March helped the dollar to record broad gains against major currencies. Oil prices rose as OPEC production cuts tightened supply.

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