FX.co ★ US Futures Waver

On Tuesday, U.S. futures remained largely unchanged as investors continued to assess the global ramifications of President Trump's trade policies. The Organization for Economic Cooperation and Development (OECD) revised its global growth forecast downward for the second time this year. This adjustment highlights a decline in economic prospects sparked by escalating trade barriers, tighter financial conditions, decreasing business confidence, and heightened policy uncertainty. In trade developments, there are expectations that President Trump and President Xi may engage in dialogue later this week amid growing tensions between the U.S. and China. Traders are also keenly awaiting significant economic data releases this week that will provide valuable insights into the labor market, including the JOLTS report due later today. In corporate news, performances of major technology stocks were mixed in premarket trading. Apple remained stable, while Microsoft (-0.1%), Amazon (-0.3%), Meta (-0.2%), and Alphabet (-0.3%) saw slight declines. Conversely, Nvidia (+0.4%) and Tesla (+0.3%) recorded modest gains.