Preliminary indications from the U.S. Futures Index suggest that Wall Street is poised to open on a downward trend. Global markets remain sensitive to the newly implemented policies, especially regarding the recent tariffs introduced by President Donald Trump.
In recent trading sessions, Asian markets witnessed declines, and their European counterparts are currently trading in negative territory.
This week, market participants will closely monitor key economic reports from the Labor Department, with the monthly Jobless Claims report scheduled for Thursday, followed by the Employment Situation report on Friday.
Investors are also anticipating earnings reports from major corporations such as Alphabet (GOOGL), Amazon (AMZN), Pfizer (PFE), and Disney (DIS) this week.
In the Asian markets, the U.S. dollar surged, and oil prices experienced an uptick.
As of 7:45 am ET, Dow futures had declined by 655 points, S&P 500 futures were down by 103.50 points, and Nasdaq 100 futures were reduced by 414.50 points.
On Friday, the major U.S. indices closed lower. The Dow Jones Industrial Average fell by 337.47 points or 0.8% to 44,544.66. The S&P 500 decreased by 30.64 points or 0.5% to 6,040.53, and the Nasdaq dropped by 54.31 points or 0.3% to 19,627.44.
On the economic calendar, the PMI Manufacturing Final for January will be released at 9:45 am ET, with expectations for an increase of 50.1, consistent with the previous month's figure.
The ISM Manufacturing Index for January is due at 10:00 am ET, with consensus expectations set for an increase to 49.5, compared to 49.3 in December.
Construction Spending data for December will be released at 10:00 am ET. A 0.3% increase is projected, compared to a flat reading in the previous month.
At 12:30 pm ET, Atlanta Fed President Raphael Bostic will discuss economic prospects in a moderated conversation hosted by the Rotary Club of Atlanta.
Later, at 6:30 pm ET, St. Louis Fed President Alberto Musalem will deliver introductory remarks at the 2025 Homer Jones Memorial Lecture.
Asian markets faced a downturn on Monday, with China markets remaining closed for the Lunar New Year holiday.
In Hong Kong, the Hang Seng index closed slightly lower at 20,217.26.
Japanese markets suffered losses, with the Nikkei average dropping by 2.66% to 38,520.09, and the broader Topix index decreasing by 2.45% to settle at 2,720.39.
In Australia, markets declined, with the benchmark S&P/ASX 200 concluding 1.79% lower at 8,379.40, while the All Ordinaries index fell by 1.84% to 8,628.40.
European markets are trading in the red. France's CAC 40 is down by 146.78 points or 1.85%, Germany's DAX is lower by 401.90 points or 1.85%, and the FTSE 100 of the UK is down by 123.15 points or 1.42%. The Swiss Market Index has decreased by 120.06 points or 0.95%.
The Euro Stoxx 50, representing leading supersector companies in the Eurozone, is down by 1.79%.
