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American market set to open higher today 23.08.2016

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Futures point to a higher open of the american stocks today, as investors wait for more earnings reports.

Although most analyst expect a little caution, because of the Jannet Yellen speech on Friday, to see if the Fed provides any indications as to when it may raise interest rates.

Earnings reports are expected from  Best Buy, Kirkland's, La-Z-Boy, Bank of Montreal, Toll Brothers, J.M. Smucker, Intuit, Trina Solar и Regis.

Oil price decrease is one more reason to expect cautious trade today. Price per barrel went below 47$.

On the data front, investors will be on the lookout for the New Home Sales data and Richmond Fed survey, both due out at 17:00 GMT+3. US Manufacturing PMI is expected to be released at 16:45 GMT+3.


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