This morning, the S&P 500 Index e-mini futures (ES-M3) are trading higher by 6.00 points to $1561.75 per contract. It seems that the markets are pushing higher once again. Earlier today, a lot of European economic data was released which indicated further contraction, but the stock markets don't seem to care. Stocks are trading higher throughout all of the leading European stock indexes. Later today, the Federal Reserve will march out four Fed presidents to give speeches. Anytime the stock market looks a little vulnerable the Fed presidents come out of the woodwork.
Last night, the leading Asia stock markets were mixed. The highly inflated Nikkei 225 Index (Japan) declined lower by 1.09 percent. This tells us that the Japanese ADR's could trade lower if the U.S. stock markets are weak. The big winner last night was the Bombay Sensex Index (India) ending higher by 0.93 percent. This action could help many of the Indian ADR's to catch a small bid higher if the U.S. markets are strong. Some leading Indian ADR's that could be in play include Tata Motors Limited (ADR) (TTM), Infosys Ltd ADR (INFY), Wipro Limited (ADR) (WIT), and the India Fund, Inc(IFN).
Below you may find the video.