India, May 14 -- Economic announcements and Fed Speeches might be on focus on Thursday. Investors are analyzing the US-China summit in Beijing and the reflections on the Middle East conflict.
Oil prices traded higher on Thursday, while the International Energy Agency warned that global oil inventories are falling at a record pace and will continue to drop for months.
Gold prices were a tad higher. Spot gold edged up by 0.2 percent to $4,698.72 an ounce while U.S. gold futures were little changed at $4,705.05.
Initial trends on the U.S. Futures point to significantly higher opening for Wall Street.
As of 8.00 am ET, the Dow futures were surging 417.00 points, the S&P 500 futures were up 26.75 points and the Nasdaq 100 futures were gainin...