On Tuesday, major stocks jumped on Wall Street after a key speech from the U.S. President Donald Trump. The U.S. stock index futures in the morning trade today. The Dow Jones Industrial Average opened with more than 80 points along with the futures of Nasdaq and S&P 500 higher.
On Wall Street, major stocks started this week on a positive week as Dow futures closed higher with more than 175 points. It came into effect after the strong corporate earnings in the tech sector. Ralph Lauren, Archer Daniels, and Estee Lauder outstand with their reports before the bell. However, Vertex Pharma, Snap, and Disney all are set to update markets after the bell.
President Donald Trump is going to address the Congress today with the speech of State of the Union. Major investors and managers are going to look for comments on the U.S. economy and trade.
Meanwhile, Australian banking stocks rose after an unusual inquiry into the financial sector of the country did not advise interference in the way banks lend money. On Tuesday, shares of all big four banks of Australia rose up. ANZ shares added 6.5 percent, Commonwealth Bank rose 4.69 percent, Westpac shares rose 7.36 percent, and National Australia Bank climbed 3.91 percent up.
The ASX 200 of Australia gained 1.95 percent so as to close at 6,005.9 due to gains by 4.47 percent in the financial subindex.
Over in Japan, the Nikkei 225 lost 0.19 percent to close at 20,844.45 after shedding its earlier gains. However, the Topix index gained 0.1 percent to arrive at 1,582.88.
The U.S. dollar index, which tracks the greenback against its major peers, was at 95.838 after experiencing a low of 95.400 in the earlier week. The Japanese yen was at 109.86 against the dollar and the Australian dollar was at $0.7259.