- S&P 500 E-Mini and Nasdaq 100 E-Mini futures are down this morning, signaling a lower open on Wall Street due to uncertainty over U.S. trade policy.
- President Trump announced a 15% global tariff, raising it from 10%, with more tariffs expected to follow, adding complexity to already unsettled markets.
- Focus this week is on Nvidia’s earnings report, U.S. economic data, and remarks from Federal Reserve officials.
- In Friday’s trading session, major equity averages closed higher, with tech and chip stocks leading gains.
- U.S. economic data showed mixed results, with core PCE index rising, Q4 GDP growth weaker than expected, and consumer sentiment index revised lower.
- Fed officials commented on inflation and monetary policy, with rate futures indicating a high chance of no rate change in March.
- Nvidia and other retailers are set to release earnings this week, with a focus on U.S. economic data and Fed officials’ speeches.
- Germany’s Ifo Business Climate Index and Italy’s CPI data were released today, showing positive figures.
- Financial markets in Japan and mainland China were closed for holidays, reopening on Tuesday.
- Pre-market U.S. stock movers include chip and cryptocurrency stocks, with some companies experiencing declines.
- Today’s U.S. earnings spotlight features a range of companies reporting their quarterly results.
Read more at Barchart: Stocks Set to Open Lower Amid Tariff Uncertainty, Nvidia Earnings and U.S. Economic Data Awaited