HomeFinancial MarketsFutures Fall Following Discouraging Data From China

Futures Fall Following Discouraging Data From China

U.S. equity futures slipped on Monday after price data from China boosted fears regarding the health of the global economy. Chinese shares also fell lower after factory-gate prices declined.

Futures on the Nasdaq 100 declined by 0.3%. Contracts listed on the S&P 500 and Dow Jones Industrial Average both remained little changed. In contrast, the Stoxx Europe 600 Index rose by 0.2%, while the MSCI World Index was largely unchanged.

Investors are becoming increasingly worried that further central bank interest rates could cause world economies to buckle under pressure. US Treasury Secretary Janet Yellen appeared to rationalize such fears when she admitted that a U.S. recession remains a possibility.

U.S. consumer inflation numbers are due on Wednesday, with producer prices expected to be released the next day.

Nigel Green, chief executive of DeVere Group, warned investors to expect a rocky season of earnings ahead. “In the last quarterly earnings, there was a lot of negative guidance. We’re likely to see this having turned out to be correct amid the brewing of a perfect storm of several major economic headwinds,” Green commented.

U.S. Futures Fall Ahead Of Nvidia Earnings

U.S. futures slipped early Wednesday as investors awaited the quarterly earnings report from chipmaker Nvidia Corporation. Contracts listed on the tech-heavy Nasdaq 100 slipped...

Caesars Misses Quarterly Revenue Target

Caesars Entertainment shares dropped by 1.5% in extended training on Tuesday after the company reported lower-than-expected earnings for the fourth quarter. The Casino operator,...

Goldman Sachs Lifts S&P 500 Target Amid Rising Performance

Goldman Sachs has decided to lift their 2024 target for the S&P 500 Index for the second straight month after the index exceeded 5,000...