US equities set for a small opening gain

<p>The mood is generally positive following the holiday but it's a thinned-out day and a time of year for light trading. S&amp;P 500 futures are up 0.1% and Nasdaq futures up 0.2%.</p><p>Two spots to watch:</p><ol><li>Oil is up $1.70 and that's pushing up front-end yields. In turn, that should stoke some inflation fears and be a headwind for stocks</li><li>Chinese stocks were beaten up again on Tuesday, so US ADRs and ETFs should remain under pressure</li></ol><p>Historically, the final week of the year is one of the best of the year.</p>

This article was written by Adam Button at www.forexlive.com.