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03.01.202310:02 Forex Analysis & Reviews: US market opens higher

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S&P 500

Stock futures opened higher on Tuesday morning as investors welcome the start of the new year. China indices went up by 0.4%, while the S&P 500 rose 0.3%.

In the energy market, Brent traded at $86.20, which is the highest price since December 5. Gas on the ICE exchange, on the other hand, fell to $800 in the last days of December

Foreign exchange reserves also dipped by a record $1.6 trillion in 2022.

Another noteworthy news is the cancellation of the privatization of state companies by Brazil's new president. The measure was planned by the previous administration.

In Europe, Croatia switched to euro and joined the Schengen visa-free zone.

The EU industrial PMI also rose to 47.8 in December, but a value below 50 means that output will continue to decline, albeit at a slower pace.

Conclusion: The US market is likely to open the year higher. Growth will continue in the first half of January.

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