S&P Futures Tick Lower as Investors Cautiously Await U.S. Big Bank Earnings

From NASDAQ: 2024-04-12 07:27:59

Today, June S&P 500 E-Mini futures are down -0.12% as investors await earnings from big U.S. banks. Paramount climbs over +7% and Apple advances more than +4%, while Fastenal slumps over -6%. Economic data shows weaker-than-expected March PPI and weekly jobless claims hitting a 5-week low. Fed officials signal patience on rate cuts. U.S. Treasury yield down to 4.543%.Euro Stoxx 50 futures up +1.06% as ECB hints at possible rate cuts. U.K. GDP edges up in February, German inflation eases. Atlanta and San Francisco Fed Presidents scheduled to speak. U.K. and European economic data released today. Asian markets settle mixed, Chinese exports decline by 7.5%, imports contract by 1.9%. Japan’s Nikkei closes slightly higher, real estate stocks surge. Market awaits earnings from big banks and U.S. economic data.



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