13/08/2024 Evening Reports
US Futures Stall Amid Anticipation of Key Inflation Data and Rising Middle East Tensions
- US equity futures showed little movement as investors awaited crucial US inflation data, which could guide the Federal Reserve’s future policy decisions.
- Rising tensions in the Middle East, particularly concerns over a potential Iranian attack on Israel, weighed on market sentiment.
- The S&P 500 and Nasdaq 100 futures struggled for direction, while Brent crude oil remained near $82 amid geopolitical risks.
- Home Depot’s lowered sales forecast and Tencent Music’s disappointing user metrics added to market uncertainty.
- Meanwhile, European stocks erased early gains after disappointing German economic data, and the British pound rose following unexpected UK unemployment figures.
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