US equity futures exhibited minimal changes on Tuesday as investors prepared for a series of significant economic data, including the widely anticipated job openings survey. The Dow Jones Industrial Average futures experienced a slight decline of 0.2%, while S&P 500 futures dipped by 0.1%. In contrast, Nasdaq futures saw a marginal increase of 0.1%.
Oil prices reflected downward trends, with the front-month global benchmark North Sea Brent crude decreasing by 0.9% to reach $71.03 per barrel. Similarly, US West Texas Intermediate crude faced a decline of 1.1%, settling at $67.44 per barrel. Market analysts are particularly focused on the upcoming Manufacturing Purchasing Managers' Index (PMI), which is set to be released at 9:45 am ET.
Estimates compiled by Bloomberg suggest that the index will likely register at 47.0 for September, following a reading of 47.9 in August. Additionally, the Institute for Supply Management (ISM) Manufacturing Index, scheduled for 10 am ET, is anticipated to increase to 47.6 in September, up from 47.2 the previous month.
In the construction sector, spending is projected to rise by 0.2% in August, following a modest decline of 0.3% in July. Economists expect that job openings, as indicated by the Labor Department's Job Openings and Labor Turnover Survey, will amount to 7.64 million in August, compared to 7.673 million in July.
Key market indicators, including the $US30 and $US500, remain focal points for traders as they navigate the complex landscape of forthcoming economic data..