Australia stocks opened higher with other Asian markets set to resume trading after New Year's Day holiday.S&P/ASX 200
rose 0.17% at open, while Nikkei 225 Chicago futures were trading at 39,605, lower than the index's last close of 39,894.54 Traders in Asia will also look toward Singapore's fourth-quarter gross domestic product. The GDP is forecast to have expanded 3.3% from a year ago, according to a Reuters poll. Other economic indicators on tap include China's Caixin manufacturing PMI for December. Economists anticipate manufacturing activity to come in at 51.7, a modestly higher compared with 51.5 in November, according to LSEG data.U.S. stock futures were little changed as traders geared up for a fresh year, after all three major indexes logged double-digit annual gains.
The S&P 500 recorded an annual gain of over 20% for a second straight year, jumping 23.31%, building on a gain of 24.2% in 2023. The Dow Jones Industrial Average gained 12.88% last year while the Nasdaq was up by 28.64%.
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