tl;dr
Stock index futures showed little movement on Monday as the market awaited the release of economic indicators. S&P, Dow, and Nasdaq 100 futures remained unchanged, indicating a lack of significant market movements. Analysts predict a quiet week for economic data, with Thanksgiving potentially dis...
Stock index futures showed little movement on Monday as the market awaited the release of economic indicators.
S&P, Dow, and Nasdaq 100 futures remained unchanged, indicating a lack of significant market movements. Analysts predict a quiet week for economic data, with Thanksgiving potentially distracting some investors. SocGen's Kit Juckes noted that while European PMI data may highlight slow growth, the focus remains on upcoming US PMIs, ISM data, payrolls, CPI, and the FOMC.
In the bond market, the 10-year Treasury yield rose by 2 basis points to 4.46%, while the 2-year yield remained at 4.90%. Later in the day, economists anticipated a 0.7% drop in the October measure of leading economic indicators.
Despite the lack of immediate economic data, the market remains cautiously optimistic about a US soft-landing. However, investors are wary of potential distractions and slow growth in the global market.