Futures for U.S. markets were flat Tuesday night as investors awaited signals from the economy Wednesday and debate whether OPEC can reach a deal early Wednesday to rekindle oil prices.
The Dow Jones Industrials were up 0.02%, while the S&P 500 was off 0.01% at 9:03 p.m. EST. Meanwhile, Nasdaq added 0.01%.
Investors are looking to a handful of economic indicators Wednesday, including inflation news and the Federal Reserve's Beige Book, a thermometer of the economy's health. OPEC also met into the night Tuesday; it is expected to hammer out a deal to cut production, likely boosting oil prices and energy shares.
Despite the worries that oil production could increase, the Trump rally returned Tuesday, with the S&P closing up 0.13%, the Dow, 0.12%, and Nasdaq, 0.21%. Continental Europe also returned to the green with Germany's Dax gaining 0.36% and the Cac in France, 0.91%, as the FTSE in London slipped 0.4%, mostly due to worries over the OPEC agreement hitting oil shares.
Asia opened mixed on the final trading day of the month, again because of oil. Japan's Nikkei was up 0.1%, Hong Kong's Hang Seng, 0.41%, and the Kospi in South Korea, 0.45%, at 9:32 p.m. EST. Meanwhile, the ASX in Australia lost 0.2%.
As Asia awoke and looked to OPEC's meeting in Vienna, a barrel of industry standard Brent crude traded at $46.63, an increase of 0.54%, while West Texas crude cost $45.43, an increase of 0.44%, at 9:26 p.m. Both prices represent futures for delivery in January.