Monday seems to be a quiet start for Wall Street. The market is looking ahead to the FOMC meeting on Wednesday that would provide an insight into inflation and prospective growth.
Asian shares finished mixed, while European shares are trading lower.
Initial trading in U.S. Futures Index suggest that, Wall Street might be starting on a lower note.
As of 6.30 am ET, the Dow futures were loosing 129 points, the S&P 500 futures were down 13.75 points and the Nasdaq 100 futures were declining 94.25 points.
U.S. stocks closed higher on Friday. The Dow rose 72.85 points or 0.3 percent to 24,946.51, and the S&P 500 edged up 4.68 points or 0.2 percent to 2,751.01. The Nasdaq inched up just 0.25 points or less than a tenth of a percent to 7,481.99.
On the economic front, Atlanta Federal Reserve Bank President Raphael Bostic will participate in an armchair chat on the Community Reinvestment Act at the "National Interagency Community Reinvestment Conference" in Miami, with audience Q&A at 9.00 am ET.
Six-month Treasury Bill auction will be held at 11.30 am ET.
In the corporate sector, Saint-Gobain said it has acquired Italian glass systems specialist Logli Massimo. The financial terms of the deal were not revealed.
LKQ Corp. announced that its unit LKQ European Holdings B.V. intends to privately offer, subject to market and other conditions, 1.0 billion euros in aggregate principal amount of senior notes due 2026 and senior notes due 2028.
Asian stocks ended mixed on Monday. China's Shanghai Composite index rose 0.29 percent to 3,279.25 and Hong Kong's Hang Seng index finished 11.79 points or 0.04 percent higher.
Japanese shares closed lower after an opinion poll showed Prime Minister Abe's support falling to its lowest since he took office in 2012. The Nikkei average fell 195.61 points or 0.90 percent to 21,480.90, its lowest close since March 9, while the broader Topix index closed 0.96 percent lower at 1,719.97. Exporters, banks and brokerages paced the decliners.
Australia's All Ordinaries closed 9.80 points or 0.16 percent higher at 6,064.70.
European shares are trading mostly lower. Among the major indexes in the region, the CAC 40 Index of France is loosing 41.87 points or 0.77 percent, the German DAX is falling 118.27 points or 0.96 percent, the U.K. FTSE 100 Index is down 90.67 points or 1.26 percent and the Swiss Market Index is declining 47.40 points or 0.53 percent.
The Euro Stoxx 50 Index, which is a compilation of 50 blue chip stocks across the euro area, is down 0.76 percent.
For comments and feedback contact: editorial@rttnews.com
Market Analysis