Reported 2 days ago
U.S. stock index futures opened lower on the first day of December after a strong November performance, with traders eyeing critical economic data expected later in the week, particularly the November nonfarm payrolls report. The Federal Reserve's interest rate direction is under scrutiny, with current predictions suggesting a 61% chance of a 25-basis-point rate cut later this month, down from 83% a month ago. Key manufacturing surveys and speeches from Fed officials will also play a significant role in shaping market expectations amidst concerns over inflation and corporate performance.
Source: YAHOO