Wall Street was set to add to a rally that pushed the Dow Jones industrial average into positive territory for 2016, as the Fed's tempered view on interest rates, a weakened dollar and rising oil prices whetted investors' risk appetite.
Oil rose above $42 a barrel on Friday, hitting its highest this year and extending a rally into a fourth week on expectations of a production freeze by major exporters, stronger seasonal demand and dollar weakness.
A further reduction in interest rates remains a tool the European Central Bank could use to attack very weak inflationary pressures, its chief economist said in an interview published Friday, contradicting market sentiment that the central bank was done with rate cuts.
Next Trading Day's Important Events
- USDJPY: 111.59
- EURUSD: 1.1287
- S&P 500: 2,046.90
- NASDAQ : 4,788.30