Treasury & Futures Ascend Prior to Data-Filled Week – Europe Market Wrap

US equities futures and Treasuries moved higher at the start of a data-rich week that might shape expectations for a Fed interest rate cut later this year.

S&P 500 contracts rose after the index finished Friday barely short of a record high. During premarket trading, AMD declined 1.8% after agreeing with Nvidia to pay the US government 15% of their earnings from AI chip sales to China in exchange for export licenses. Nvidia fell 0.8%.

The yield on 10-year Treasuries fell 2 basis points to 4.26%, approaching a three-month low of 4.18% reached last week. The Dollar remained quite stable.

In Europe, the benchmark index lost early gains as investors lowered their expectations that a summit between US Trump and Russia’s Vladimir Putin would bring the Ukraine conflict closer to an end. Orsted A/S, a wind power company, plummeted up to 29% in Denmark on the announcement of a $9.4 billion rights offering.

Gold prices in New York fell as traders waited for clarification from the White House on its tariff stance. Lithium prices and stocks skyrocketed when battery manufacturer Contemporary Amperex Technology suspended operations at a major mine in China.