April 8 - Futures tracking Wall Street's main indexes were largely muted on Monday after Treasury yields rose on rising bets that the U.S. Federal Reserve could delay interest-rate cuts this year.
The market has also pared back expectations for more than three rate cuts this year, from three to four a few weeks ago, according to LSEG data."While one should not attach too much importance to one payroll report, particularly when the seasonal effects are large, and there is still a lot of data to come between now and the June meeting," Mohit Kumar, chief economist Europe at Jefferies, said in a note.
First-quarter earnings' season will pick up pace this week, with banking giants JPMorgan Chase , opens new tab, Citigroup , opens new tab and Wells Fargo , opens new tab scheduled to report towards the end of the week. At 7:25 a.m. ET, Dow e-minis were up 11 points, or 0.03%, S&P 500 e-minis were up 0.75 points, or 0.01%, and Nasdaq 100 e-minis were up 12.75 points, or 0.07%.
Finance Finance Latest News, Finance Finance Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: KitcoNewsNOW - 🏆 13. / 78 Read more »
Source: KitcoNewsNOW - 🏆 13. / 78 Read more »
Source: KitcoNewsNOW - 🏆 13. / 78 Read more »
Source: KitcoNewsNOW - 🏆 13. / 78 Read more »