S&P 500 — US Large Cap Index
FTSE 100 — UK Blue Chips
Euro Stoxx 50 — Eurozone Leaders
DAX 40 — German Equities
CAC 40 — French Market Index
Nikkei 225 — Japan Benchmark
Hang Seng — Hong Kong Index
Shanghai Composite — China Mainland
ASX 200 — Australian Market
TSX Composite — Canada Index
Nifty 50 — India Large Cap
STI Index — Singapore Market
KOSPI — South Korea Index
Bovespa — Brazil Equities
JSE Top 40 — South Africa Index
IPC Index — Mexico Market
Futures tracking US equity indices were lower on Monday, holding losses from the previous week amid tech weakness and persistent pressure from a deteriorating macroeconomic backdrop. Contracts for the S&P 500 dropped 0.3%, while the Nasdaq fell 1% and the Dow inched marginally lower. Oil prices eased but remained elevated as the US pledged to isolate Iran economically. This added to lingering concerns of elevated inflation as high energy prices magnified the impact of high deficit spending and Treasury intervention to buy back bonds. AI infrastructure stocks led the losses on persistent uncertainty over the outlook on returns in the sector, with support from incoming LLM developer IPOs offsetting concerns that capital expenditure on chips has been overdone. Micron, Marvell, and Sandisk were between 3.5% and 5% down premarket. Meanwhile, Nvidia was flat ahead of its earnings on Wednesday after the bell, the next catalyst for the AI trade.
