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US Equities likely to open higher

FXStreet (Mumbai) - The US Equity futures have inched higher today tracking the gains in the European equity markets.

The S&P December futures are trading 0.63% higher at 1911.95, while the DJIA December futures are up 0.41% at 16,397.5. The Midcap index Russell 2000 December futures are trading 0.47% higher at 1097.30 while the VIX December futures have inched 2.19% lower to 17.88 levels. Meanwhile the Dax has extended the gains to trade 1.51% higher at 8849 levels, while the Ftse is trading 1.08% higher at 6334.80 levels.

Moreover, better-than-expected earnings helped the S&P 500 rebound in the past three days. United Technologies, Travelers Cos. and Texas Instruments Inc. stocks also trade higher after posting financial results that beat street expectations.

AUD/JPY testing 94.20

AUD/JPY is rising modestly on Tuesday and continues to test an important short term resistance located around 94.20 (Oct 20 high).
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GBP/USD hovers around 1.6050

GBP/USD trades little changed on the day ahead of the Wall Street opening, as failure to break above the 1.6185 area left Cable searching for direction.
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