FX.co ★ US Futures Steady to Begin the Week

On Monday, U.S. stock futures remained relatively stable as investors awaited new developments to fuel market movement. This week's focus is on the upcoming release of the personal consumption expenditures (PCE) price index, the Federal Reserve's favored measure for assessing inflation, which is anticipated to indicate moderate inflationary pressures. In the previous week, the Dow rose by 1.05%, the S&P 500 increased by 1.22%, and the Nasdaq Composite surged by 2.21%, with all three indexes achieving new record highs. These gains were attributed to the Fed's widely expected quarter-point interest rate cut—the first since December—along with guidance suggesting two more reductions this year. Additionally, markets paid close attention to an extended conversation between President Trump and Chinese President Xi Jinping, during which Trump highlighted advancements in trade discussions, fentanyl issues, and a possible agreement regarding TikTok. On Sunday, Trump further mentioned that conservative media executive Rupert Murdoch and his son Lachlan might have a role in securing TikTok's future in the United States.