US equities posted strong gains in the
The upbeat data saw the DJIA, S&P 500, and NASDAQ Composite all close up around half a percent Thursday, with both the S&P 500 and DJIA ending the day at record high closing levels. The former closed up 0.6% at 1,985.44, while the latter closed up 0.5% at 17,068.26, closing above the 17,000 mark for the first time.
However, this positivity is set to be somewhat pared Monday, with US stock futures pointing to a fractionally lower open.
"After last Thursday’s stunning jobs report induced rally, US markets look set to open lower in what will likely be another lower than average volume US trading day with minimal economic data and some American investors still away for a long
Ahead of the
"The week has got off to a slightly negative start following the long weekend in the US," noted
In one of the few data releases from around the world Monday, German industrial production data showed an unexpected 1.8% drop in production in May, missing economists' forecasts for a modest increase. On a yearly basis, industrial production increased 1.3% in May, following a 1.8% rise in April.
In the forex market, ahead of the US equity market open, the pound trades at
There is no macroeconomic data still scheduled to be released Monday.
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