Nasdaq and S&P 500 futures gained ground as investors await earnings and inflation data. The Trade Desk was added to the S&P 500 index, causing its shares to surge. European stocks recovered, and the FTSE 100 topped 9,000. US equity futures were mixed, with investors digesting fresh tariff threats and awaiting key economic reports.
U.S. equity futures gained ground on Monday as investors awaited the release of key economic data and earnings reports. The Nasdaq and S&P 500 futures both saw increases, with the latter benefiting from the addition of The Trade Desk to the S&P 500 index. This move caused the company's shares to surge, reflecting investor optimism.
European stocks also recovered, with the FTSE 100 topping 9,000. Meanwhile, U.S. equity futures were mixed, with investors digesting fresh tariff threats and awaiting key economic reports. The Federal Reserve's next interest rate decision is scheduled for less than two weeks away, adding to the market's anticipation.
The week ahead promises a busier economic and earnings calendar. Inflation data, set to be released on Tuesday, will be a key focus for investors and policymakers. The Consumer Price Index (CPI) will provide insights into the economic outlook and potentially influence the Federal Reserve's decision on interest rates.
Major U.S. banks are expected to report their second-quarter earnings this week, with renewed investor enthusiasm about the IPO and M&A markets. Wells Fargo's (WFC) freedom from stringent regulatory restrictions is also likely to feature prominently. Additionally, Netflix (NFLX) will kick off earnings from big US tech firms, offering updates on the AI-related chip boom.
Investors will also be monitoring the U.S. consumer price data for June, due on Tuesday, for any upward pressure on prices from tariffs. The dollar held gains, while oil prices edged lower following U.S. President Donald Trump's 50-day deadline for Russia to end the war in Ukraine to avoid energy sanctions.
References:
[1] https://www.investing.com/indices/nq-100-futures-news
[2] https://www.marketscreener.com/quote/index/HONG-KONG-HANG-SENG-101835/news/Asian-shares-rise-dollar-holds-gains-ahead-of-US-earnings-Nasdaq-futures-up-50506207/
[3] https://finance.yahoo.com/news/inflation-data-big-bank-earnings-and-netflix-results-what-to-watch-this-week-115103942.html
Comments
No comments yet