Limited Middle East Outlook Lifts Wall Street Pre-Bell; Asia, Europe Up
BY MT Newswires | ECONOMIC | 06/16/25 07:08 AM EDT07:08 AM EDT, 06/16/2025 (MT Newswires) -- Wall Street futures pointed moderately higher pre-bell Monday, as traders weighed Middle East conflicts but the possibly diminishing potential for a wider conflagration.
In the futures, the S&P 500 rose 0.5%, the Nasdaq inclined 0.6% and the Dow Jones was up 0.4%.
The Federal Reserve begins a two-day policy meeting on Tuesday, though pundits project no major policy changes.
The May national retail sales bulletin will post in Washington Tuesday pre-bell, a clue to the strength of US consumers.
Asian exchanges traded mostly higher overnight on a softer yen and on expectations of additional macroeconomic policy support from Beijing after tempered May economic reports, particularly regarding property markets.
European bourses tracked moderately higher midday on the continent.
Lennar (LEN) plans to report earnings after-bell, among others. In addition, Accenture (ACN), Kroger (KR), and CarMax (KMX) are slated to release quarterly results this week.
On the economic calendar is the Empire State Manufacturing index at 8:30 am ET.
In premarket action, Bitcoin traded at $107,127, West Texas Intermediate crude oil traded lower at $70.42, and 10-year US Treasuries offered 4.43%. Spot gold traded for $3,415 an ounce.
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