As the trading week kicks off, U.S. futures are holding steady near the flatline, indicating a cautious start for investors. The Nasdaq 100, S&P 500, and Dow Jones Industrial Average futures are all showing slight gains in the early hours of Monday morning.
Last week saw mixed performances in the U.S. markets, with the Nasdaq Composite and S&P 500 posting gains while the Dow Jones index experienced a slight decline. Despite the Federal Reserve’s dovish stance on interest rates, the market showed resilience.
Looking ahead, investors are keeping an eye on key economic reports scheduled for release this week, including Retail Sales and Industrial Production data for May. Additionally, preliminary readings of the Global Manufacturing and Services Purchasing Managers’ Index reports for June are eagerly awaited.
On the earnings front, a number of major companies, including Lennar, KB Home, Darden Restaurants, and Accenture, are set to announce their results this week, providing further insight into the health of the economy.
In the broader market, the U.S. 10-year treasury yield is on the rise, while WTI crude oil futures are trending lower. Meanwhile, European markets are starting the day on a positive note, with investors anticipating the Bank of England’s interest rate decision later in the week.
In Asia-Pacific markets, a mixed performance was seen as investors digested key economic data from China. While Hong Kong’s Hang Seng index and China’s Shenzhen Component index showed gains, the Shanghai Composite index was in the red. Japan’s Nikkei and Topix indices also finished lower, reflecting the cautious sentiment in the region.
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