US and European stock futures are trading without a defined trend in this pre-opening session, in a week that will be marked by the continued presentation of results from various companies and also the new monetary policy meeting of the US Federal Reserve.
No major changes are expected from the team headed by Jerome Powell, the head of the US central bank, as policymakers consider it still premature to withdraw monetary stimulus, even if the world’s largest economy is recovering at a good pace.
This week, investors are keeping an eye on the results of big tech companies like Facebook or Apple as well as electric vehicle manufacturer Tesla.
New home sales in the US rose in March at the fastest pace since 2006, before the great global financial crisis, while manufacturing and service output hit an all-time high in April.
Overnight in Lisbon, the Asian session swung between gains in Japan and falls in China and Hong Kong. For now, the futures of the Stoxx 50 – index that groups the 50 largest companies in Europe – continue on the waterline, as do the futures of the American S&P 500.
After a week of sharp declines, which translated into seven-week lows, bitcoin is once again recovering, positioning itself above the barrier of $50,000 per unit.
