Futures for U.S. markets pointed higher late Tuesday as investors await the release Wednesday of the Federal Open Market Commission's December meeting minutes. Investors want to know if the board expects economic stimulus along with tax reform and reduced regulation as part of a Trump presidency.
The Dow Jones Industrials gained0.07%, the S&P 500, 0.08%, and Nasdaq, 0.13%, at 9:49 p.m. EST.
The higher futures follow an up day on Wall Street, where news that Ford Motor (F) - Get Report would expand in Michigan instead of in Mexico raised concern about the downside of President-elect Trump's protectionist stand on trade. Nor did investors like the fall in oil prices.
On the first trading day of the new year, the Dow added 0.6%, and both the S&P and Nasdaq, 0.85%. Europe wasn't quite as optimistic with Germany's Dax off 0.12%, while the FTSE in London added 0.49% and the Cac in Paris, 0.35%.
Asia was mostly mixed in early-Wednesday trade with Japan's Nikkei up 2.17% on a renewed weakness in the yen, which makes exports cheaper and more attractive. The Kospi in South Korea gained 0.01% and the ASX in Australia, 0.05%. The Hang Seng in Hong Kong pared 0.08%. All figures were current as of 10:04 p.m. EST.
At the same time, the dollar index, which measures the currency against a number of rivals, was up 0.11%.
Crude began a recovery as Asia awoke after slipping Tuesday. Brent crude, the industry standard, gained 0.59% to $55.80 for March futures, while raw West Texas oil added 0.65% to $52.67 for a February future. The prices are per barrel and were current as of 10:03 p.m.
In after-hours trade, shares of Tesla Motors (TSLA) - Get Report braked 2.07% to $212.50 after the electric car company headed by Elon Musk disappointed on fourth-quarter deliveries. After the market closed, Tesla said it distributed about 22,200 vehicles in the final quarter and 76,230 for the year, missing already-trimmed full-year estimates.
The automaker delivered 12,700 Model S and 9,500 Model X sedans. It said it also had about 6,450 vehicles in transit to customers at the end of the quarter, which will count as first-quarter 2017 deliveries.