➤ Wall Street looks set to recover from recent rout; dollar gains.
➤ Hong Kong, most European markets closed on holiday.
➤ Brent crude oil rises past $51.
Futures show Wall Street poised for a recovery after political tensions in the U.S. unnerved stock markets across the globe.
The S&P 500 closed 2.71% lower Dec. 24, with sharp losses across all sectors, while the Nasdaq Composite Index dropped 2.21% the same day. Futures for the S&P 500 ticked up 0.62% as of 6:30 a.m. ET, while those for the Nasdaq 100 rose 0.54%.
The U.S. government remains partially shut down for a fifth day amid a stalement in Washington surrounding President Donald Trump's demand to fund the construction of a wall along the U.S. and Mexico border. Meanwhile, Treasury Secretary Steven Mnuchin has sought reassurances from the CEOs of six major banks and various regulators, including the Federal Reserve and the Securities and Exchange Commission, that markets continue to function normally.
In Asia, Japan's Nikkei 225 index closed 0.89% higher as Bank of Japan Governor Haruhiko Kuroda reportedly expressed confidence that the Japanese economy remains strong amid heightened global uncertainties.
The Shanghai SE Composite dipped 0.26%, while Hong Kong markets were closed on holiday. Most major European bourses were also closed.
The dollar strengthened, with the index measuring the currency's performance against a basket of currencies up 0.17% to 96.74. The Japanese yen dipped 0.26% against the dollar, while the euro ticked 0.04% lower against the dollar and sterling edged 0.09% higher.
In commodities, Brent crude oil climbed 1.19% to $51.07 per barrel on the ICE Futures Exchange. Gold gained 0.40% to $1,276.90 per ounce.
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The day ahead:
8:55 a.m. ET — U.S. Redbook
9 a.m. ET — U.S. S&P Corelogic Case-Shiller HPI (Econoday consensus: 0.1% monthly, 5.0% yearly)
10 a.m. ET — U.S. Richmond Fed manufacturing index (Econoday consensus: 14)
10 a.m. ET — U.S. State Street investor confidence index