Investing.com -- U.S. stock futures were muted heading into the start of a new trading week, with traders awaiting new economic data and fresh interest rate commentary from a raft of Federal Reserve officials. Activist investor Starboard Value reportedly takes a stake in design-software group Autodesk worth around $500 million, according to the Wall Street Journal.
Traders will also get the chance to hear from several Fed speakers during the week, including New York Fed President John Williams, Minneapolis Fed President Neel Kashkari, San Francisco Fed President Mary Daly and Richmond Fed President Thomas Barkin. On Friday, Chicago Fed President Austan Goolsbee said that while he felt"a little bit of relief" that price pressures in the U.S.
The investor is reportedly contemplating legal action to request the reopening of Autodesk's director nomination window and to postpone the company's annual shareholder meeting, which is currently scheduled for July 16.Chinese industrial production eased by more than exected in May, while property prices also dropped, in the latest sign of struggle in Beijing's effort to bolster the world's second-biggest economy.
The figures emphasize the challenges facing Chinese lawmakers as they look to reinvigorate the country's economy. Beijing has reportedly pushed to boost industrial production, particularly through exports, during a time of depressed real estate market activity.Oil prices steadied on Monday, as traders digested the industrial production data out of China and a survey last week that suggested a slowdown in demand in top crude consumer the United States.
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Source: FXStreetNews - 🏆 14. / 72 Read more »