US equity-index futures rebounded from last week’s chip rout, with S&P 500 contracts up 0.5% and Nasdaq 100 futures gaining 0.8% ahead of key earnings. Asian shares fell as MSCI’s regional gauge dropped 0.5%, while oil retreated from a five-month high, with Brent crude down 1.7% to $108 a barrel. European stock futures and French 10-year bond contracts declined amid widespread protests in France, weakening the euro.
More than 70 S&P 500 companies, including Tesla and Meta, are set to report earnings this week, intensifying focus on AI infrastructure returns. Analysts note a 'classic period of heightened uncertainty' due to AI earnings, persistent rate concerns, and upcoming midterms. Bond volatility remains elevated, and inflation pressures continue to challenge central banks.
Gold rose 0.3% to $4,175 an ounce as traders pared Fed rate hike bets. Chinese assets are under watch after authorities urged share purchases to stabilize markets, ahead of Monday’s GDP data expected to show slight rebound amid weak consumption and property downturn.
Source: Bloomberg Markets · Summarized by HeadlinesBriefing