Dow futures higher as investors await Fed meeting
Monday, 17 June 2019 16:31 WIB | MARKET UPDATE | Indeks berjangka AS

U.S. stock index futures were higher on Monday morning, as investors look ahead to a crucial Federal Reserve meeting this week.

At around 3:20 a.m. ET, Dow futures rose 18 points, indicating a positive open of more than 37 points. Futures on the S&P and Nasdaq were both trading higher.

Traders are largely focused on monetary policy with a Federal Reserve meeting due to start Tuesday. Market expectations point to the Fed cutting interest rates this year, but several analysts told CNBC that they do not see a change in monetary policy happening this week.

Other Fed watchers also told CNBC they see Chairman Jerome Powell dropping the word œpatient from his statement and opening the door to a cut next month.

Meanwhile, President Trump warned over the weekend that if he is not re-elected in 2020 there will be œa market crash the likes of which has not been seen before.

In terms of data, investors will be looking ahead to Empire State manufacturing data at 8:30 a.m. ET; NAHB housing index due at 10 a.m. ET and TIC data at 4 p.m. ET.

There are no corporate earnings to note.

Source : CNBC

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