Global stock futures exhibited modest gains ahead of key inflation data releases this week. In the United States, stock futures showed slight increases with the S&P 500 E-mini up 0.2%, Nasdaq 100 up 0.04%, and Dow futures rising 0.7%, reflecting investor anticipation of inflation reports and a 96% probability of a Federal Reserve rate cut following softer-than-expected July inflation figures. European markets also edged higher, with EuroStoxx 50 futures climbing between 0.13% and 0.5%, Germany's DAX futures rising up to 0.69%, France's CAC 40 up to 0.8%, and Spain's IBEX surging 1.09%. The UK's FTSE 100 showed more modest gains ranging from 0.03% to 0.18% amid cautious investor sentiment despite positive GDP data. Market models indicated a bullish signal from global equities, particularly the S&P 500, while foreign exchange markets were less optimistic. Overall, investors remain focused on upcoming inflation data as a key factor influencing market direction.
5 Hours ahead of the NY Open, our cross-asset model indicates a +0.09% gain for the S&P (while futures are up +0.05% since prior close). The signal from Global Equities is most bullish (+0.18%), while the signal from FX is least bullish (-0.08%). https://t.co/Sm5fKNHl7G
U.S. Stock Futures Show Slight Gains with S&P 500 E-mini Up 0.2%, Nasdaq 100 Up 0.04%, and Dow Futures Up 0.7%
European indices hold slight gains to kick start final day of the week https://t.co/upgiiu5KhN