Michael M. Santiago/Getty Images News
Stock index futures fell on Monday as inflation and earnings season kicked off.
S&P future (SPX) -0.1%futures contracts for the Dow Jones Industrial Average (INDU) -0.1% and the Nasdaq 100 (NDX: IND) -0.2% She paused a bit.
The United States could determine the direction of travel over the next several weeks Deutsche Bank’s Jim Reed said: “The CPI is on Wednesday and it’s going to take something nice elsewhere because it won’t be the most important event this week. There’s a lot of Fed talk before and after the release, so their response to it and to the payroll last Friday.” They should be watched closely as well.”
Other highlights in the US include the Beige Book (Wednesday), the PPI, jobless claims (both on Thursday), and the University of Michigan poll (Friday) that includes the important inflation expectations series. Additionally, on Friday sees JPMorgan (both on Thursday). JPM), Citigroup (C), and BlackRock (BLK) as the second quarter earnings season begins slowly this week.”
The market remains confident of a Fed hike at the next meeting. Fed funds futures prices have more than a 90% chance of upside by a quarter point. June payrolls fell short of expectations for the first time in over a year, but average hourly earnings were hot.
Federal Reserve Vice Chairman Michael Barr speaks at the Bipartisan Politics Center at 11 a.m. ET. At the same time, San Francisco Mary Daly speaks at the Brookings Institution.
Shortly after trading begins, wholesale inventory numbers for May are due. Economists expect a decline of 0.1%.
Watch the stocks make their biggest moves this morning.
