July 20, 2015- Stocks Edge Higher on Mixed Global Cues

Early indications suggest that Wall Street may start the week positively, with a modest move to the upside in early trading on Monday. Global cues are mixed, with Asian stocks closing on a mixed note, while the European markets are trading notably higher. In the absence of any major domestic economic data and earnings, traders could focus on the other financial markets. With the dollar flying high on rate hike expectations, commodity prices are seeing weakness. Specifically, gold is at 5-year lows. Fears of monetary policy normalization may act as a dampener. Meanwhile, developments on the Greek debt crisis have been positive. The Dow futures are rising 33 points, the S&P 500 futures are adding 3.25 points and the Nasdaq 100 futures are up 7.75 points.