📆 Tuesday, February 20
► Equity futures in the US and Europe saw a slight decline, reflecting investor caution as Asian markets saw profit taking. The dip follows China's significant cut to its five-year loan prime rate, which, while supportive of the property sector, has not fully alleviated economic concerns.
► The Stoxx Europe 600 index saw minimal changes currently at -0.1%, coming off a robust 1.4% increase last week, with technology stocks bearing the brunt of the sell-off amid heightened expectations for a cautious central bank approach to interest rate cuts. European markets await upcoming Eurozone inflation figures later this week.
► The S&P 500 is 0.3% lower in pre-market trading as markets are set to reopen after Monday’s public holiday. Upcoming earnings from Walmart (Tuesday) and Nvidia (Wednesday), alongside Fed meeting minutes are poised to offer new directions for global equities. Nvidia's performance, in particular, is highly anticipated due to its significant role in the AI sector and its recent market valuation surpassing Amazon.
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