FX.co ★ Wall Street Might Open In Negative Territory

On a relatively quiet day of economic revelations, investor attention might pivot to unfolding geopolitical events on Monday. Reports on Consumer Price Inflation set to be published this week could also draw considerable focus.

According to early indications from United States Futures Index, Wall Street is potentially poised for a slightly lower opening. The overall trend across Asia was a fall in share prices, while European shares are generally following suit with a downward trend. As of 7:40 a.m. Eastern Time (ET), the Dow futures were down by 38.00 points, while S&P 500 futures were falling by 4.75 points and Nasdaq 100 futures were decreasing by 12.00 points. On Friday, The U.S. major benchmarks presented a mixed picture at closing: the Nasdaq slipped 44.80 points or 0.3 percent to 15,996.82, the Dow surged by 62.42 points or 0.2 percent reaching 39,131.53, and the S&P 500 crept up slightly by 1.77 points, less than a tenth of a percent, ending at 5,088.80.

Today, noteworthy economic updates include the New Home Sales report for January set to be published at 10.00 a.m. ET, the Dallas Fed Manufacturing Survey for February to be released at 10.30 a.m. ET and a two-year Treasury Note auction scheduled for 11.30 a.m. ET. A five-year Treasury Note auction is also planned for 1.00 p.m. ET.

Later in the day, at 7.40 p.m. ET, Jeffrey Schmid, the President of Kansas City Fed, will share insights about the economic and monetary policy outlook at the Economic Club of Oklahoma City.

Asian stock markets largely ended on a down note on Monday, with Chinese markets witnessing significant declines. The Shanghai Composite index fell 0.93 percent, ending at 2,977.02. Ahead of the release of Chinese manufacturing data, Hong Kong's Hang Seng index dropped marginally, 0.54 percent, closing at 16,634.74.

Bucking the trend, Japanese markets set a new high. The Nikkei average scored a 0.35 percent increase, ending at 39,233.71, whereas the broader Topix index settled with a 0.49 percent gain, closing at 2,673.62.

Australian markets showed a modest rise with the S&P/ASX 200 edging up 0.12 percent to 7,652.80 and the All Ordinaries index closing with a 0.11 percent gain, settling at 7,908.10.