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Wall Street set to open higher as bond market worries ease

Reuters 

By Sruthi Shankar(Reuters) - Wall Street was set for a positive session on Thursday, as speculation over China halting U.S. bond purchases eased and investors focused on quarterly earnings reports and rising oil prices.U.S. crude futures rose to $63.82 a barrel, its highest since December 2014, boosted by a surprise drop in U.S. production and lower crude inventories.Positive brokerage recommendations on oil majors Exxon and Chevron lifted their shares up about 0.3 percent in premarket trading."It's back to a generally positive mode," said Scott Brown, chief economist at Raymond James in St. ...

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First Published: Thu, January 11 2018. 19:41 IST
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