The Market Brief
Hey team. The momentum from Friday’s strong close carried over into early overnight trading, with the futures market extending its gains to the upside.
Let’s dive in and evaluate what lies ahead for the markets!
Impact Snapshot
🟧 Final Services PMI - 9:45am
Macro Viewpoint
U.S. stock index futures inched higher on Monday, extending last week’s late rally as investors turned to technology stocks, fuelled by ongoing optimism about artificial intelligence.
Stocks in the U.S. staged a strong recovery on Friday, reversing earlier losses from December and the initial trading days of the new year.
Concerns over high valuations, rising Treasury yields, and thin liquidity had previously prompted traders to retreat after a robust performance in 2024.
This week’s focus will be on a slew of economic reports and speeches from Federal Reserve officials, with investors seeking insight into the potential pace of monetary policy easing.
Particular attention will center on Friday's monthly payroll report, expected to reveal slower job growth in December compared to November, while the unemployment rate is anticipated to remain steady at 4.2%.
