US equity futures remain stable, hovering around 5,252 after bouncing back from earlier lows.

This comes despite increasing 10-year yields and a strengthening USD, as traders adjust their expectations for interest-rate cuts due to resilient US economic data.

S&P and Nasdaq futures show no significant change, while major European markets mostly rise, except for Spain and the UK.

Treasury yields hit year-highs, with the 10-year surpassing 4.45%. Interest-rate swaps suggest a likelihood of two rate cuts this year, down from the previous expectation of three.

European bond yields rise, though not uniformly. Commodities show mixed performance, with Energy down, Metals up, and Agriculture mixed.

Crude oil declines after Israel announces troop withdrawals from Gaza. Gold hits a new record above $2,350 before pulling back, Zerohedge has reported.

The upcoming week features light macroeconomic events before key releases such as Wednesday’s CPI data and Thursday’s ECB meeting.

Investors are attentive to Fed speakers and potential shifts in monetary policy. In premarket trading, gigacap tech stocks show mixed movement, with TSLA, NVDA, and NFLX up.

Tesla rises on news of an upcoming product unveiling, while Amazon approaches its all-time high. Cryptocurrency-related stocks gain as Bitcoin climbs back over $72,000.

Written by B.C. Begley