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Geopolitical developments might influence the market on Monday, as there are no major corporate announcements.<\/p>\n
Inflation data is likely to be in the spotlight this week. The Labor Department’s consumer and producer prices for April are scheduled this week.<\/p>\n
In the Asian session, gold dropped half a percent below $2,350 per ounce in Asian trading while oil prices were marginally lower ahead of an OPEC+ policy meeting on supply policy.<\/p>\n
Early signs from the U.S. Futures Index suggest that Wall Street might open positive. <\/p>\n
As of 8.05 am ET, the Dow futures were up 69.00 points, the S&P 500 futures were adding 13.50 points and the Nasdaq 100 futures were progressing 64.50 points.<\/p>\n
The U.S. averages finished broadly up. The tech-heavy Nasdaq edged down 5.40 points or less than a tenth of a percent to 16,340.87, the S&P 500 crept up 8.60 points or 0.2 percent to 5,222.68 and the Dow rose 125.08 points or 0.3 percent to a new one-month closing high of 39,512.84.<\/p>\n
On the economic front, the six-month Treasury bill auction will be held at 11.30 am ET. <\/p>\n
Cleveland Fed President Loretta Mester will participate in a discussion before the Central Bank Communications: Theory and Practice Conference hosted by the Federal Reserve Bank of Cleveland at 9.00 am ET. <\/p>\n
Asian stocks ended lower on Monday. Chinese markets<\/span> ended slightly. The benchmark Shanghai Composite index slipped 0.21 percent to 3,148.02.<\/p>\n Hong Kong’s Hang Seng index climbed 0.80 percent to 19,115.06 as Beijing ramped up plans to stimulate the economy<\/span>.<\/p>\n Japanese stocks ended marginally lower. The Nikkei average slid 0.13 percent to 38,179.46. The broader Topix index settled 0.15 percent lower at 2,724.08. New Zealand’s benchmark S&P NZX-50 index fell 0.88 percent to 11,652.16. <\/p>\n<\/p>\n Business News<\/p>\n<\/div>\n
Australian markets also ended on a flat note. <\/p>\n