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The Breakfast Briefing: Dow Futures Slightly Lower As Investors Prepare For A Fed Rate Cut
FYI: U.S. stock index futures were slightly lower Monday morning, as market participants braced for a likely cut in interest rates for the first time in more than a decade.
At around 03:15 a.m. ET, Dow futures dipped 28 points, indicating a negative open of more than 43 points. Futures on the S&P and Nasdaq were both seen slightly lower.
Global stocks wavered at the start the week as the U.S. and China were set to resume trade negotiations in Shanghai.
The Stoxx Europe 600 edged up 0.2% in morning trade after a largely downbeat session in Asia.
Shares in the U.K.’s Just Eat led European markets higher after the online food delivery firm agreed to an all-share merger with the Netherlands’ Takeaway.com. The deal would create a heavyweight in the food delivery market, where competitors such as Uber Eats and Deliveroo have been battling for market share. Takeaway.com shares were up 4.7%.
The London Stock Exchange Group was up over 14% after the company said Saturday it was in advanced talks to buy data provider Refinitiv.
Hong Kong’s benchmark Hang Seng Index was down 1% as protests in the city have grown increasingly violent, triggering concerns about the impact tensions with Beijing could have on the local economy.
