US Stock Futures Signal a Pause Around Record Highs Ahead Of PCE – Europe Market Wrap
US equity futures indicated a pause for equities near record highs as investors braced for a heavy week of data, including the Fed’s favored measure of inflation.
Contracts for the S&P 500 and Nasdaq 100 were barely changed after Wall Street’s rise came to a halt at the conclusion of last week, pulled down by profit taking in megacap tech stocks.
Miners weighed on Europe’s STOXX 600 index, which fell 0.3% from Friday’s record close. Rio Tinto and Anglo American led falls in basic resources, citing concerns about Chinese demand.
This week, investors will move their emphasis from results to a slew of economic data, including Thursday’s Core Personal Consumption Expenditures Price Index, which the Fed constantly monitors. The fourth-quarter US GDP statistics are coming Wednesday, and traders will be watching comments from a slew of central bank officials for signals on the course of interest rates.
UK bond funds are the most bullish in over a decade – JPMorgan Survey.