Bank of Japan, Economic Reports Damp Wall Street Pre-Bell; Asia Mixed, Europe Off
BY MT Newswires | ECONOMIC | 12/01/25 06:16 AM EST06:16 AM EST, 12/01/2025 (MT Newswires) -- Wall Street futures pointed moderately lower pre-bell Monday as traders weighed a possibly tighter monetary policy in Japan and awaited fresh economic data.
In the futures, the S&P 500 fell 0.5%, the Nasdaq declined 0.6% and the Dow Jones was off 0.4%.
Traders look forward to the November national private-sector ADP Employment report slated for Wednesday pre-bell, still the placeholder for the official but delayed monthly employment situation bulletin.
Also, the delayed September personal consumption expenditure core (PCE-core) index, the Federal Reserve's preferred inflation metric, will post Friday pre-bell in Washington.
CrowdStrike (CRWD), Marvell (MRVL), Salesforce (CRM), Snowflake (SNOW), and Kroger (KR) are scheduled to report earnings later this week, among others.
Asian exchanges traded unevenly overnight, with Tokyo declining 1.9% after the Bank of Japan chief hinted a rate hike was possible at the central bank's Dec. 18 to 19 policy session.
European bourses tracked moderately lower midday on the continent.
On the economic calendar is the S&P Global manufacturing purchasing managers index (PMI) for November at 9:45 am ET, followed by the November ISM manufacturing index and the November construction spending bulletin at 10 am.
In premarket action, Bitcoin traded at $86,643, West Texas Intermediate crude oil traded higher at $59.52, and 10-year US Treasuries offered 4.04.%. Spot gold traded for $4,254 an ounce.
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