Dow futures edge higher amid Fed pause bets; more earnings due
Investing.com -- U.S. stock futures traded slightly higher Monday, continuing last week’s positive tone with investors looking ahead to a fresh batch of corporate earnings.for October added to renewed hopes that an era of unprecedented monetary tightening by the Federal Reserve may be coming to an end.
Fed fund futures imply around an 85% chance the Federal Reserve is done with its hiking cycle, and an 80% chance it will start cutting in June.The earnings season is starting to wind down, with 80% of the S&P 500 companies having already reported their quarterly financial results.
Major suppliers Saudi Arabia and Russia confirmed over the weekend that they will maintain their ongoing supply reductions until the end of the year, heralding tighter oil markets.Both benchmarks slumped about 6% last week as the geopolitical risk premium faded, with the Israel-Hamas war failing, so far, to escalate into a wider conflict in the Middle East.We encourage you to use comments to engage with other users, share your perspective and ask questions of authors and each other.
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