On a lean day of economic announcements, investors might be focusing on geopolitical developments on Monday. Consumer index and Producer price inflation data will be announced in the coming days.
In the Asian trading hours, gold edged up slightly, while oil prices declined. The dollar began on a sluggish note
Asian shares finished mostly down,while European shares are trading lower.
Initial trends on the U.S. Futures Index suggest that Wall Street might open lower.
As of 8.35 am ET, the Dow futures were falling 492.00 points, the S&P 500 futures were declining 83.25 points and the Nasdaq 100 futures were sliding 353.75 points.
The U.S. major averages closed higher on Friday. The Nasdaq advanced 126.97 points or 0.7 percent to 18,196.22, the S&P 500 climbed 31.68 points or 0.6 percent to 5,770.20 and the Dow rose 222.64 points or 0.5 percent to 42,801.72.
On the economic front, the 3-month and the six-month Treasury Bill acutions will be held at 11.30 am ET.
Asian stocks ended mostly higher on Monday. China’s Shanghai Composite index fell 0.19 percent to 3,366.16. Hong Kong’s Hang Seng index tumbled 1.85 percent to 23,783.49.
Japanese markets ended mixed. The Nikkei average rose 0.38 percent to 37,028.27 while the broader Topix index slipped 0.29 percent to 2,700.76.
Australian markets eked out modest gains. The benchmark S&P/ASX 200 edged up by 0.18 percent to 7,962.30 while the broader All Ordinaries index settled 0.16 percent higher at 8,191.70.
European shares are trading mostly higher. Among the major indexes in the region, the CAC 40 Index of France is declining 35.45 points or 0.44 percent. The German DAX is losing 364.40 points or 1.58 percent, the U.K. FTSE 100 Index is sliding 59.80 points or 0.69 percent.
The Swiss Market Index is down 87.02 points or 0.67 percent.
The Euro Stoxx 50 Index, which is a compilation of 50 blue chip stocks across the euro area, is down 1.22 percent.
Business News
Wall Street Poised To Open In Negative Territory
2025-03-10 13:02:08
