This morning, the S&P 500 Index e-mini futures (ES-H2) are trading lower by just 2.00 points to 1366.75 per contract. The futures were trading lower earlier, however, the U.S. Dollar Index futures (DX H2) have started to fade already and this has helped to inflate the stock markets higher. The U.S. Dollar Index should be watched and followed by every stock market participant.
Last night, most of the leading Asian stock markets traded lower. The Sensex Index (India) was the biggest loser ending lower by 1.55 percent. This tells us that the leading Indian ADR's could face some early selling pressure today if the U.S. markets are weak. Some leading Indian ADR's that could be in play are Infosys Ltd (NASDAQ:INFY), Wipro Limited (NYSE:WIT), Tata Motors Limited (NYSE:TTM), and The India Fund (NYSE:IFN).