US equity futures experienced a downward trend on Monday morning ahead of a week filled with critical quarterly updates from Corporate America. Specifically, the Dow Jones Industrial Average futures decreased by 0.1%, the S&P 500 futures saw a decline of 0.3%, while Nasdaq futures fell by 0.5%. Technology giants Amazon and Tesla are among the significant players expected to announce their earnings this week, drawing the attention of analysts and investors alike. In the commodities market, oil prices exhibited an upward movement, with the front-month global benchmark North Sea Brent crude gaining 1.5%, reaching $74.14 per barrel.
Meanwhile, US West Texas Intermediate crude climbed 1.8%, priced at $69.90 per barrel, indicating a robust demand backdrop. The US index of leading economic indicators, set for release at 10 am ET, is anticipated to show a decline of 0.3% for September, following a slight 0.2% drop in the preceding month, as indicated by estimates compiled by Bloomberg. Turning to international markets, Japan's Nikkei index closed down by 0.07%, reflecting investor sentiment fluctuations.
In Hong Kong, the Hang Seng index ended 1.6% lower, while China's Shanghai Composite Index improved slightly, finishing up 0.2%. In Europe, the UK's FTSE 100 saw a decline of 0.3%, Germany's DAX 30 index dropped 0.8%, and both France's CAC 40 and Spain's IBEX 35 fell 0.8% and 0.5%, respectively, during the early afternoon session. In the equities sector, Siyata Mobile witnessed a remarkable surge of 143% in pre-market trading.
This jump came on the heels of an announcement that T-Mobile would begin offering the company's mission-critical push-to-talk 5G cellular radio handsets. On the flip side, ServiceNow experienced a decline of 1.6%, following a downgrade from Morgan Stanley, which adjusted its rating from overweight to equal weight, signaling caution among investors..