Futures Rise Ahead Of Data Deluge, S&P Set For 7th Straight Record High

US equity futures indicate a positive start, with the S&P 500 poised for a seventh consecutive record high. Tech stocks, particularly Nasdaq 100 contracts, are leading the gains in pre-market trading. Investors are shifting their focus from trade deals to upcoming company earnings and economic data to justify current valuations. Several prominent companies, including Nvidia, Amazon, and Meta, are set to release their financial results this week. Bond yields are slightly lower, while the US dollar rally shows signs of continuation. Commodities are mixed, with energy prices boosted by geopolitical factors. Today's economic data includes JOLTS, housing prices, and consumer confidence reports. Notable pre-market movers include Amkor Technology with a significant jump and Exelixis experiencing a decline. The Federal Reserve is widely expected to maintain current interest rates at its upcoming meeting. Trade negotiations continue, with a potential extension of the truce with China being discussed. European markets are also showing gains, with Royal Philips being a notable riser. Asian equities extended losses, awaiting key monetary policy decisions. The euro has seen a correction against the dollar. Bond markets are experiencing muted price action.