FX.co ★ US Futures Point to Gains at the Open

U.S. stock futures saw a modest uptick on Monday, with futures linked to the three main indices rising by 0.3%. This comes as traders anticipate a week dense with geopolitical developments and significant economic data releases. According to a report by the Financial Times, Nvidia and AMD have agreed to remit 15% of their revenues from semiconductor sales to China to the U.S. government, in an effort to obtain export licenses. This news led to Nvidia shares dipping by 0.3% and AMD shares declining nearly 1% in premarket activity. Market participants are also keeping a close watch on U.S.-China trade discussions, with many expecting a 90-day extension to continue negotiations. Additionally, the forthcoming Consumer Price Index (CPI) report is set to provide new insights into inflation dynamics and the effects of tariffs. Despite persistent inflation, the markets are still factoring in two anticipated 25 basis point interest rate reductions by the Federal Reserve this year. Meanwhile, Apple experienced a decline of 0.6%, following its strongest weekly gain in over five years during which its stock climbed more than 13%. Conversely, Microsoft (+0.2%), Amazon (+0.4%), Meta (+0.2%), and Tesla (+1.7%) all traded higher before the market opened.