S&P 500 E-Mini and Nasdaq 100 E-Mini futures are down due to tensions between Trump and the Federal Reserve. Powell faces criminal indictment threats over Senate testimony. U.S. government actions raise concerns about central bank independence. Investors focus on inflation data, Fed comments, and earnings season this week.
In Friday’s trading session, Wall Street saw gains with major averages ending in the green. Data storage companies like Sandisk and Seagate Technology surged. Intel jumped over 10% after President Trump’s positive comments. Vistra and Oklo also saw gains. Qualcomm fell after a downgrade.
Recent U.S. economic data shows weaker nonfarm payrolls and a lower unemployment rate in December. Average hourly earnings rose as well. Consumer sentiment index improved in January. Fed officials like Barkin, Daly, and Bostic shared insights on economic conditions and inflation concerns.
U.S. rate futures predict a 94.3% probability of no rate change at the January Fed meeting. U.S. consumer inflation data and retail sales figures will be key this week. Fed officials including Bostic, Barkin, and Williams will share perspectives. The Beige Book survey and corporate earnings reports will also be closely watched.
Euro Stoxx 50 Index falls as concerns over Fed independence and Trump’s credit card rate cap weigh on sentiment. Bank stocks decline, while defense and mining stocks rise. Sentix Investor Confidence Index for Eurozone beats expectations. Focus on industrial production data and GDP calculation in Germany this week.
China’s Shanghai Composite Index rises to a 10-year high on AI progress and policy support expectations. AI and commercial space stocks rally. Mainland Chinese stock exchanges see record trading volume. Chinese cabinet plans fiscal and financial policies to stimulate domestic demand. Expectations for positive trade and credit lending data.
Pre-market U.S. stock movers include chip stocks like Nvidia falling, banks like Citigroup and JPMorgan slipping due to credit card rate cap concerns, and gold mining stocks like Newmont rising. Walmart climbs after joining Nasdaq 100 Index. Today’s U.S. earnings spotlight includes WaFd Inc, Platinum Group Metals, Lifecore Biomedical, Loop Industries, and Brookmount Explorations Inc.
Read more at Yahoo Finance: Stocks Set to Open Lower Amid Fed Fears, U.S. Inflation Data and Big Bank Earnings Awaited