U.S. stock futures are trading lower on Monday morning, setting the stage for a potentially volatile week ahead. With key macro data, including the inflation reading for May and the Federal Reserve’s interest rate decision, on the horizon, investors are bracing for potential market-moving news.
On Friday, the three major indices closed in the red after a stronger-than-expected jobs report for May raised concerns about the timing of potential interest rate cuts by the Federal Reserve. Despite this setback, the Nasdaq 100, the S&P 500, and the Dow Jones Industrial Average all posted gains for the week, driven by a rally led by semiconductor giant Nvidia.
This week, traders and investors will be closely watching economic releases such as the Consumer Price Index (CPI), Producer Price Index (PPI), Initial Jobless Claims data, and the Michigan Consumer Sentiment report to gain further insights into inflation levels and the overall state of the U.S. economy.
Of particular interest will be the Federal Open Market Committee’s (FOMC) interest rate decision on Wednesday, with expectations that the U.S. central bank will keep interest rates unchanged. The U.S. 10-year treasury yield is up, while WTI crude oil futures are trending higher.
Meanwhile, European markets opened lower following the European Union’s Parliament elections, which indicated potential gains for far-right parties in the region over the next five years.
Asia-Pacific Markets Update
Several Asia-Pacific markets were closed on Monday, including China, Hong Kong, and Australia. However, Japan’s Nikkei and Topix indices ended the day higher, providing a positive start to the week.
For more economic insights and analysis, investors can tune in to our LIVE webinar for expert commentary and market updates.
Disclosure: This article is for informational purposes only and does not constitute financial advice. Readers are encouraged to conduct their own research and consult with a financial advisor before making investment decisions.
