Sentiment on Wall Street is weak in early Monday trading, with US500 futures down nearly 1.3%. The primary reason is that investors still see no signs of a de-escalation in trade tensions from either the U.S. or China. Beijing has reiterated that it will not accept what it calls the U.S.’s 'imperial' stance, and once again launched military drills in the Taiwan Strait.
- Additionally, there is no major trade agreement on the horizon. Japanese diplomats have not signed any deal with the U.S., signaling that American trade proposals may still be deemed ‘unacceptable’ by several nations.
- Uncertainty surrounding Federal Reserve policy is also weighing on stocks. The U.S. dollar (USDIDX) has dropped to its lowest level since March 2022, after Donald Trump threatened that he is willing—and able—to fire Fed Chair Jerome Powell.
- Today, commercial lines casualty and property insurance company, W R Berkley (WRB.US) is the largest companies that will report earnings. Comerica (CMA.US) reported better than expected results, shares of regional banking company are up almost 11% in US pre-market.
Tomorrow GE Aerospace, RTX Corp and Lockheed Martin will report earnings before the market open. After the US session, Tesla, Intuitive Machines and SAP will report. Chinese CATL launched new generation of batteries for Chinese EV models, and market may see this fact as further pressure on Tesla business.
Start investing today or test a free demo
Create account Try a demo Download mobile app Download mobile appUS500 (D1 interval)
Source: xStation5
This content has been created by XTB S.A. This service is provided by XTB S.A., with its registered office in Warsaw, at Prosta 67, 00-838 Warsaw, Poland, entered in the register of entrepreneurs of the National Court Register (Krajowy Rejestr Sądowy) conducted by District Court for the Capital City of Warsaw, XII Commercial Division of the National Court Register under KRS number 0000217580, REGON number 015803782 and Tax Identification Number (NIP) 527-24-43-955, with the fully paid up share capital in the amount of PLN 5.869.181,75. XTB S.A. conducts brokerage activities on the basis of the license granted by Polish Securities and Exchange Commission on 8th November 2005 No. DDM-M-4021-57-1/2005 and is supervised by Polish Supervision Authority.
