► Investors are keenly awaiting US inflation data and earnings reports from major banks like Bank of America, Citigroup, JPMorgan Chase, and Wells Fargo, which could provide further insights into the Federal Reserve's monetary policy direction later this week. On a quiet day, however, we see overall reduced trading activity in pre-market trading.
► European stocks declined, with the Stoxx 600 benchmark decreasing by about 0.3%. November's industrial production in Germany decreased more than expected, reflecting a downturn in the manufacturing sector compared to the same month in the previous year. The German economy continues to disappoint.
► US stock futures indicated a slight pullback after a robust performance on Monday, where the Nasdaq 100 was able to cut some of last week's sharp losses. The S&P 500 traded near a record high. We also saw a tech sector rally led by Nvidia, which surged following the announcement of new AI products. Conversely, Boeing faced a setback as its 737 Max 9 model was temporarily grounded. Federal Reserve Governor Michelle Bowman’s comments suggested that inflation could move toward the Fed's 2% target with current interest rates, possibly setting the stage for future rate cuts.
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