Wall Street futures pointed moderately lower pre-bell Monday as traders weighed geopolitical outlooks and awaited labor and economic reports from Washington slated for later in the week. The Job Openings and Labor Turnover Survey for October, also known as JOLTS, is set to be released on Tuesday, followed by the Beige Book, which reports on the national economy, on Wednesday.
On Friday, the national employment situation bulletin for November will be published. In futures trading, the S&P 500 fell 0.2%, the Nasdaq declined 0.2%, and the Dow Jones was off 0.1%. Asian exchanges traded mostly higher overnight after relatively strong November manufacturing reports from mainland China, while European bourses tracked moderately north midday across the continent. On the economic calendar, the S&P Global PMI manufacturing final for November is slated for 9:45 am ET, followed by the ISM Manufacturing Index for November at 10 am. The construction spending bulletin for October is also set for release at 10 am. Federal Reserve Governor Christopher Waller is scheduled to speak at 3:15 pm, and New York President John Williams will address the market at 4:30 pm. In premarket action, Bitcoin traded at $95,189, West Texas Intermediate crude oil traded higher at $68.56, and 10-year US Treasuries offered 4.21%.
Spot gold traded for $2,637 an ounce..