The Market Brief
Hey team, U.S. stocks looked set to claw back some ground during early trading after Friday’s sharp selloff as we kick off the week.
Let’s see what’s ahead for the markets!
Macro Viewpoint
U.S. stock index futures climbed on Monday as investor sentiment rebounded following last week's sharp selloff on Wall Street.
Looking ahead, the Personal Consumption Expenditures (PCE) index—widely regarded as the Federal Reserve's preferred inflation measure—is set for release on Friday. This data could provide further insight into the potential timing of the Fed's first interest rate cut this year.
Currently, interest rate futures suggest that the central bank is likely to keep borrowing costs steady through at least the first half of the year.
Meanwhile, Wednesday will serve as a major test for demand in U.S. megacap stocks and the ongoing artificial intelligence boom, with Nvidia set to report its earnings.
