Dow Jones futures rose ahead of Tuesday’s release of US economic data that could signal the Federal Reserve’s plans to raise interest rates. banking sector in recent months
As of 6:09 p.m. Thai time, the Dow Jones futures rose 6 points or 0.02% to 33,819 points.
U.S. Producer Price Index (PPI) data for March will be released tonight. It is expected to move up just 0.1% month-on-month and up 3.0% year-on-year. slowing from 4.6% in February.
Weekly first-time applications for unemployment benefits are expected to rise to 232,000 for the week ended April 8, up from 228,000 the previous week.
Minutes of the March Fed meeting show that Many Fed policymakers are considering halting rate hikes. because it is expected Problems in the banking sector will push the economy into recession.
US listed companies will begin reporting earnings this week. Big banks including JP Morgan Chase, Citigroup and Wells Fargo will report first-quarter 2023 results on Friday.
Data from Refinitiv IBES indicates that analysts expect The S&P 500 will report a 5.2% drop in profit for the first quarter after previously forecasting a 1.4% gain for the quarter.