Futures Point To Lower Open For Wall Street

(RTTNews) - Early trends on the U.S. Futures Index suggest that Wall Street might open lower on Monday. Investors might be focusing on geopolitical development, especially in view of President Donald Trump's meeting with NATO Secretary General Mark Rutte at White House today morning.

There are no major economic announcements on Monday. Consumer Price Index for June and indicators of inflation is expected on Tuesday, Jobless Claims for the week will be published on Thursday. Housing Starts and Permits data for June is scheduled on Friday.

Trump seems to be intensifying tariff policy and will be imposing 30 percent tariffs on the European Union and Mexico.

In the Asian trading session, the dollar held steady, while gold climbed above $3,370 per ounce. Oil prices jumped more than one percent.

As of 8.00 am ET, the Dow futures were losing 19.00 points, the S&P 500 futures were losing 1.00 points and the Nasdaq 100 futures were slightly up 0.50 points.

The U.S. major averages finished lower on Friday. The Dow slid 279.13 points or 0.6 percent to 44,371.51, the Nasdaq slipped 45.14 points or 0.2 percent to 20,585.53 and the S&P 500 fell 20.71 points or 0.3 percent to 6,259.75.

On the economic front, the 3-month and 6-month Treasury bill auction will be held at 11.30 am ET.

Asian stocks ended mixed on Monday. China's Shanghai Composite index edged up by 0.27 percent to 3,519.65. Hong Kong's Hang Seng index rose 0.26 percent to 24,203.32.

Japanese markets ended slightly lower. The Nikkei average slipped 0.28 percent to 39,459.62. The broader Topix index settled marginally lower at 2,822.81.

Australian stocks ended slightly lower. The benchmark S&P/ASX 200 dipped 0.11 percent to 8,570.40 while the broader All Ordinaries index ended little changed at 8,815.30.