📆 Monday, November 18
► European stock futures trade slightly lower reflecting cautious sentiment at start of the week with an empty economic calendar today. The Stoxx Europe 600 Index slipped slightly by 0.2%, extending last week’s downward trend. In corporate news, Enel raised its dividend and outlined a profit target of up to €6.9 billion for 2025, highlighting strength in utilities. Investors are now closely watching inflation readings from the UK (Wednesday) and Eurozone (Tuesday), which are expected to shape the upcoming decisions of the Bank of England and the European Central Bank. Yields in the region edged higher, with Germany's 10-year yield rising to 2.37% and the UK’s to 4.48%.
► US equity futures displayed a mixed outlook as investors braced for a week filled with high-profile earnings reports. The Nasdaq is slightly up after sharp losses in the previous week. Nvidia's report will be scrutinized for updates on demand for its AI chips, especially the Blackwell series. Nvidia remains the most important company in the world. Last Friday’s upbeat US retail sales data further reduced expectations of rapid Fed rate cuts, following Chair Jerome Powell’s hawkish remarks highlighting the resilience of the economy and persistent inflation pressures. Treasury yields extended their climb, with the 10-year yield reaching 4.45%. Investors are also eyeing key earnings from major companies like Walmart, Lowe’s, and Target, which will offer further insights into consumer demand.
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