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European markets are poised for a flat to lower start, with the U.K.’s FTSE 100 expected to open 5 points lower and Germany’s DAX down 7 points. Traders are closely monitoring geopolitical developments in the Middle East following the ousting of Syrian President Bashar al-Assad, while U.S. stock futures remain stable ahead of key inflation data due Wednesday.
Stock futures were little changed as investors awaited a key jobs report, with Dow futures dipping 24 points and S&P 500 and Nasdaq 100 futures down 0.1%. Strong quarterly results from companies like Ulta Beauty and GitLab boosted their shares, while economists expect nonfarm payrolls to rise by 214,000 in November, influencing the Federal Reserve's upcoming rate decision.
U.S. markets are responding positively to President-elect Donald Trump's policies, with the S&P 500 and Dow Jones hitting record highs despite his tariff threats. The Federal Reserve plans to gradually lower interest rates if inflation stabilizes at 2% and employment remains strong. Meanwhile, Softbank invests $1.5 billion in OpenAI, reflecting ongoing interest in tech advancements.
Asia markets are set to open mixed as Wall Street reaches new record highs, with the Dow and S&P 500 closing up 0.3% and 0.6%, respectively. A London hedge fund has taken a bearish stance on Cargojet, citing concerns over its aging fleet and leadership. Meanwhile, consumer confidence rose in November, with expectations for the stock market hitting a record high, driven by optimism in the labor market and improved inflation outlook.
Sarah Mintz
People
The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
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