June 03, 2015- Stocks Edge Higher Cautiously Looking for Catalyst

Early indications suggest that Wall Street stocks may open Wednesday's session on a slightly positive note after yesterday's volatile performance. Global cues are indecisive, as the Asian markets ended mostly lower, while the European markets are witnessing volatility as traders digest a slew of economic data from the region. Private sector growth in the euro area slowed and the Organization for Economic Co-operation and Development lowered its global growth forecast for the current year and the next. Traders in the domestic markets may also focus on economic data on U.S. private payrolls, a service sector reading based on a national survey and the Federal Reserve's Beige Book. The outcome of the European Central Bank meeting and the developments on Greece may also be on the radar. The yield on the benchmark 10-year bonds is continuing to rise, while the dollar is on its way back to the upside. The Dow futures are adding 29 points, the S&P 500 futures are moving up 3.75 points and the Nasdaq 100 futures are advancing 10 points.