January 19, 2016- Stocks Trade Higher on China Stimulus Optimism

Early indications suggest that Wall Street stocks may open Tuesday's session notably higher, as risk appetite improves on the back of some soft data from China that cemented expectations that the Chinese government may be persuaded to roll out additional stimulus. The weakest full year growth in two decades and a half is seen as the trigger for more policy actions to stabilize the world's second largest economy. Oil is grinding higher and so are most commodities. The dollar is mixed, with the pound firming up on the back of the U.K. inflation data. Traders in the domestic markets may keep a close eye on a housing market report and earnings from companies such as Morgan Stanley (MS), Bank of America (BAC) and UnitedHealth (UNH). The Dow futures are jumping 244 points, the S&P 500 futures are rallying 29.25 points and the Nasdaq 100 futures are advancing 69.25 points.