FX.co ★ US Futures Start the Week Higher

U.S. stock futures saw an uptick on Monday as investors prepared for a crucial week ahead. Anticipation is high for a Federal Reserve interest rate cut, earnings reports from major tech companies, and a significant meeting between President Donald Trump and Chinese President Xi Jinping. The major indices reached new record highs last week, with the Dow, S&P 500, and Nasdaq Composite posting gains of between 1.92% and 2.31%. Markets are largely anticipating a quarter-point rate cut following softer-than-expected inflation data released on Friday. Investors also awaited quarterly reports from leading technology firms such as Apple, Amazon, Alphabet, Meta, and Microsoft. In terms of trade discussions, the meeting between Trump and Xi in South Korea on Thursday is anticipated as a potential turning point. Their meeting follows fruitful weekend discussions, with reports suggesting that U.S. and Chinese negotiators have addressed several contentious issues. This development has bolstered optimism that the two largest global economies might avert escalation in their trade conflict.