Stock Futures Are Moderately Higher As A Busy Week Approaches For The Markets
U.S. stock futures are higher. Stock futures are moderately higher as a busy week approaches for the markets. In the bond market, yields are trending downwards ahead of the Federal Reserve's upcoming announcement on Wednesday, with widespread expectations of a 25 basis points rate hike. The earnings season is in full swing this week, and over the past two weeks, there have been mostly positive results. So far, 18% of S&P 500 companies have reported their earnings, with 75% of them surpassing EPS expectations. Shortly after the market opens, Flash PMI data for July will be released. A full economic calendar for the week will conclude with a reading on PCE inflation for June on Friday morning. In the international markets, Asian markets mostly closed lower, with the exception of Japan, which bucked the trend with a strong session to the upside. Meanwhile, European markets are trading lower as investors are awaiting policy decisions from the ECB and BOJ on Thursday. The Dollar is gaining strength, while Crude oil is getting a boost and gold is holding steady.
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