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Ongoing Middle East tensions, now in its second month, and a rebound in oil prices might continue to be the focus on Monday. <\/p>\n
In the Asian trading session, the dollar strengthened on renewed geopolitical tensions and gold fell toward $4,700 an ounce. Brent crude prices were higher a around $102 a barrel. <\/p>\n
Early signs from the U.S. Futures Index suggest that Wall Street might open lower. <\/p>\n
As of 7.50 am ET, the Dow futures were losing 484.00 points, the S&P 500 futures were down 48.25 points and the Nasdaq 100 futures were sliding 182.25 points.<\/p>\n
The U.S. major averages finished broadly up on Friday. The tech-heavy Nasdaq climbed 80.48 points or 0.4 percent to a more than one-month closing high of 22,902.89, the S&P 500 edged down 7.77 points or 0.1 percent to 6,816.89 and the Dow slid 269.23 points or 0.6 percent to 47,916.57.<\/p>\n
On the economic front, the Existing Home Sales for March will be issued at 10.00 am ET. The consensus is for 4.08 million, while it was up 4.09 million last month. <\/p>\n
Three-month and 6-month Treasury bill auctions will be held at 11.30 am ET.<\/p>\n
Fed Governor Stephen Miran will participate in conversation before the Symposium on Building the Financial System of the 21st Century at 6.20 pm ET.<\/p>\n
Asian stocks fell on Monday. China’s Shanghai Composite index ended marginally higher at 3,988.56. Hong Kong’s Hang Seng index fell 0.90 percent to 25,660.85.<\/p>\n
Japanese markets<\/span> fell notably. The Nikkei average closed 0.74 percent lower at 56,502.77. The broader Topix index ended down 0.45 percent at 3,723.01.<\/p>\n Australian markets ended slightly lower. The benchmark S&P\/ASX 200 dipped 0.39 percent to 8,926 while the broader All Ordinaries index ended down 0.46 percent at 9,113.40. <\/p>\n<\/p>\n Business News<\/p>\n<\/div>\n