U.S. equity futures are mixed early Tuesday as investors digest a weaker-than-expected June jobs report and escalating geopolitical tensions. S&P 500 futures edge up 0.04% while Nasdaq 100 futures dip 0.12%, pressured by semiconductor weakness, with Dow futures gaining 0.15% on defensive rotation. Small caps outperform with Russell 2000 futures jumping 0.47% as rate-sensitive sectors rebound following Friday's soft payrolls data showing just 57,000 jobs added.
The labor market slowdown is weighing on sentiment, with the participation rate hitting a 50-year low outside pandemic periods, reinforcing expectations for Fed easing. However, risk appetite is being capped by Middle East tensions after reports of Iranian attacks on commercial ships in the Strait of Hormuz pushed oil prices higher. Gold retreats despite the safe-haven bid as traders reassess Fed rate path probabilities.
European markets show resilience after stronger-than-expected German industrial production data (0.9% MoM vs 0.1% forecast), though ECB President Lagarde's political ambiguity creates euro volatility. Bitcoin rebounds 3% post-Trump's pro-crypto comments, while the AI trade continues broadening beyond Magnificent Seven stocks.
Today's focus shifts to the U.S. trade balance (forecast -$78.3B) and FOMC member Bowman's speech for policy clues. With no major earnings scheduled, markets await fresh catalysts as the second-quarter earnings season approaches.
US Index Futures
Future
Price
Change (%)
S&P 500 Futures
7,577.00
+0.04%
Nasdaq 100 Futures
29,629.50
-0.12%
Dow Jones Futures
53,506.00
+0.15%
Russell 2000 Futures
3,037.00
+0.47%
Economic Data Released Today
Time
Cur
Imp
Event
Actual
Forecast
Previous
02:00
GB
Med
Halifax House Price Index (MoM) (Jun)
0.2%
0.1%
-0.2%
02:00
GB
Med
Halifax House Price Index (YoY) (Jun)
0.6%
0.5%
02:00
EU
Med
German Industrial Production (MoM) (May)
0.9%
0.1%
0.2%
04:30
GB
Med
Mortgage Rate (GBP) (Jun)
6.60%
6.60%
Upcoming Economic Releases
Time
Cur
Imp
Event
Forecast
Previous
05:30
GB
Med
BoE Financial Stability Report
05:30
GB
Med
BoE MPC Meeting Minutes
06:30
GB
Med
BoE Gov Bailey Speaks
07:00
US
Med
FOMC Member Bowman Speaks
08:15
US
Med
ADP Employment Change Weekly
30.75K
08:30
US
Med
Exports (May)
327.10B
08:30
US
Med
Imports (May)
383.00B
08:30
US
Med
Trade Balance (May)
-78.30B
-55.90B
08:30
CA
Med
Trade Balance (May)
2.80B
2.72B
10:00
CA
Med
Ivey PMI (Jun)
59.1
58.2
11:00
US
Med
NY Fed 1-Year Consumer Inflation Expectations (Jun)
3.5%
11:30
US
Med
Atlanta Fed GDPNow (Q2)
12:00
US
Med
EIA Short-Term Energy Outlook
12:15
GB
Med
BoE MPC Member Mann Speaks
13:00
US
Med
3-Year Note Auction
4.192%
16:30
US
Med
API Weekly Crude Oil Stock
-6.072M
19:50
JP
Med
Adjusted Current Account (May)
3.19T
421.11T
19:50
JP
Med
Current Account n.s.a. (May)
4.121T
3.908T
21:30
AU
Med
Building Approvals (MoM) (May)
-1.1%
-3.4%
Earnings Today
No earnings reported today.
FX Snapshot
Pair
Price
Change (%)
EUR/USD
1.14
-0.08%
GBP/USD
1.34
-0.07%
USD/JPY
161.90
-0.10%
USD/CHF
0.81
+0.16%
AUD/USD
0.70
-0.11%
USD/CAD
1.42
+0.04%
Gold, Oil and Gas
Commodity
Price
Change (%)
Gold
4,151.30
+0.21%
Silver
61.34
-0.28%
WTI Crude
69.15
+0.32%
Brent Oil
72.70
+0.35%
Natural Gas
3.31
+2.38%
Crypto
Crypto
Price
Change (%)
Bitcoin
$63,113.51
-1.40%
Ethereum
$1,775.47
-1.28%
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