FX.co ★ US Futures Point to a Cautious Start

On Monday, U.S. stock futures retreated from their initial gains to hover around flat or slightly lower levels. This comes as investors prepare for the return of economic data releases from major statistical agencies following the conclusion of last week’s government shutdown. Significant reports, such as the jobs report and trade data, are expected this week and may impact the Federal Reserve’s policy decision next month. Many policymakers are now more skeptical about the necessity of further rate cuts, with markets currently estimating a 43% probability of a quarter-point cut in December. Meanwhile, Nvidia is poised to announce its quarterly earnings, having seen its shares fall by 1.8% in premarket trading. Eli Lilly experienced a decline of 1.6% after Novo Nordisk announced price reductions for its obesity drugs for cash-pay patients. In contrast, Alphabet saw a gain of 3% following the announcement that Warren Buffett’s Berkshire Hathaway has taken a stake in the company.