Pre-open mover
US stock futures traded lower in early premarket trading Monday after posting losses on Friday. All three major indices posted losses last week, with the Dow Jones down 4.1% and the S&P 500 down 4.8%.
The US Federal Reserve is due to announce its monetary policy decision on Wednesday, with markets expecting a rate hike of at least 75 basis points.
The September Housing Market Index is scheduled to be released at 10:00 am ET. The Housing Market Index is expected to decline slightly from 49 in August to 48 in September.
Investors are also awaiting earnings results from Autozone Inc AZO today.
Watch this: US stocks fall to two-month lows amid higher volatility
Futures for the Dow Jones Industrial Average fell 224 points to 30,698.00, while Standard & Poor’s 500 Index futures fell 30.50 points to 3,859.50. Futures for the Nasdaq index fell 107 points to 11,826.50.
raw materials
oil prices was traded lower as Brent crude futures fell 1.2% to $90.29 a barrel, while US WTI crude futures fell 1.4% to $83.91 a barrel. The total number of active U.S. oil rigs rose by 8 this week to 599 rigs, Baker Hughes Inc. reported.
Gold futures fell 0.6% to trade at $1,672.70 an ounce, while silver futures were down 0.1% at $19.37 an ounce on Monday.
A look at the global markets
Europe markets
European markets were lower today. The STOXX Europe 600 index fell 0.6%, London’s FTSE 100 fell 0.6% and Spain’s IBEX 35 index fell 0.3%. France’s CAC 40 index fell 1.1%, while Germany’s DAX fell 0.5%.
Euro-zone construction activity rose 1.5% yoy in July, compared with a revised increase of 1.3% a month ago.
Asia Pacific Markets
Asian markets traded mostly lower today. Hong Kong’s Hang Seng Index fell 1.04% and China’s Shanghai Composite Index fell 0.35%. Australia’s S&P/ASX 200 fell 0.3%, while India’s S&P BSE SENSEX gained 0.6%.
Foreign direct investment in China grew 16.4% year-on-year to CNY892.74 billion…
