The U.S. futures are on the rise as investors eagerly anticipate the Federal Open Market Committee (FOMC) meeting scheduled for this week. With the Nasdaq 100 (NDX), S&P 500 (SPX), and Dow Jones Industrial Average (DJIA) all showing gains in the early hours of Monday morning, it’s clear that traders are feeling optimistic.
The recent strong earnings reports from tech giants like Microsoft and Alphabet have provided a boost to the market, with the NDX, SPX, and DJIA all posting solid gains over the past week. This positive momentum is expected to continue as more companies, including SoFi, Amazon, and Apple, prepare to announce their earnings this week.
In addition to the FOMC meeting, all eyes will be on the U.S. Fed’s interest rate decision on Wednesday and the release of April’s nonfarm payrolls report on Friday. The U.S. 10-year treasury yield and WTI crude oil futures are also being closely monitored, with both showing fluctuations in the market.
Meanwhile, in Asia-Pacific markets, indices remained higher on Monday following the Bank of Japan’s decision to keep the benchmark interest rate unchanged. With key economic data releases and earnings reports scheduled for the week, investors are keeping a close watch on developments in the region.
Overall, the market outlook is positive as investors await key economic reports and earnings announcements, both in the U.S. and globally. Stay tuned for more updates as the week progresses.
