Wall Street pre-bell Friday is leaning forward, with US stock index futures pointing to an opening bell up perhaps 0.35% from Thursday’s close. European bourses are trading higher on stimulus hopes, while Asian exchanges closed mixed to lower on the outlook for weekend political tensions in Hong Kong and on the US impeachment inquiry, as well as trade-issue uncertainties. Bitcoin trades at $8,069, oil trades for $56.17, and 10-year US Treasuries offer 1.68%.
On the economic calendar are the durable good orders, and the personal income and outlays releases, at 8:30 am ET. The latter release will include the PCE-core inflation metric, to which the US Federal Reserve pegs monetary policy. The University of Michigan consumer sentiment bulletin follows at 10 am, and then the much-watched Baker-Hughes domestic oil-and-gas rig count at 1 pm. At 3 pm is farm prices.
For Federal Reserve-watchers, Vice Chair Randal Quarles speaks at 8:30 am, and then Philadelphia Fed President Patrick Harker at 12 pm.