U.S. stock futures are seen rallying during the pre-market hours, indicating that the U.S. equities are poised for a green opening today. The strength in the equities stems from oil rebounding while the Japanese Yen broke the continuity of its gains, which is helping the Dollar to retreat from lows.

Diminished appetite for gold
The overall calmer mood in the markets has erased the buying interest in safe haven assets. Both Dow Jones Industrial Average and S&P 500 (NYSEARCA:SPY) traded in red during the previous session, shedding 0.98% and 1.20% respectively. The futures reversed losses early today with S&P 500 Futures traveling up by 0.52% to 2,045.25 and Nasdaq Futures adding 0.56% to 4,495.38.

The weakness in the dollar is a dominant global market trend, impacting other multi-assets such as gold, oil, and equities. The volatility across the assets remains a concern for the market participants. Analysts at Nomura wrote that the outlook for the global economy has hit a new level of uncertainty due to fresh weakness in the metal prices coupled with a slowdown in emerging economies.

Eyes on data

Amidst this volatility, the U.S. equities are likely to find support from reviving oil prices as well as an upsurge in the equities across the globe. The European shares strengthened after one of the key officials of the European Central Bank hinted that the Central Bank can adopt additional stimulus measures, if necessary. Moreover, a strong comeback by the Italian banks also prompted a rally in broader equities.

However, the U.K.’s trade balance did not come in line with the expectations. As per the National Statistics, U.K. trade balance rose to -11.96 billion from -12.16 billion in February. The economists had projected the increase to -10.20 billion.

Meanwhile, the oil’s downfall took a halt today as oil investors stay tuned to U.S. rig count data, which will be released by Baker Hughes.