Wall Street futures edged up pre-bell Monday, gearing for a higher open after the release of positive inflation data late last week. In the futures market, the S&P 500 was up 0.1% and the Nasdaq was 0.2% higher, while the Dow Jones fell by 0.1%. Most Asian bourses closed in the green, marking a positive sentiment in global markets, while European stock exchanges were mostly advancing midday.
Early movers that caught investor attention include Novo Nordisk, which exhibited strong performance by rising more than 5% in premarket trading. This rebound followed a significant recovery from an almost-18% decline in the previous session, which was influenced by the results of a phase 3 trial on its experimental obesity therapy, CagriSema. Looking ahead, key earnings reports are anticipated as BHP Group and Grupo Aval Acciones y Valores are set to report their quarterly results within the day.
Investors are particularly keen to assess how these major companies performed amid the shifting economic landscape. On the economic calendar, the Conference Board's confidence report for December is also slated for release, which will provide insights into consumer sentiment and future spending expectations, with the publication scheduled for 10 am ET. In premarket action, Bitcoin traded at a striking $96,159.60, demonstrating the cryptocurrency's volatility and appeal among investors.
Meanwhile, West Texas Intermediate crude oil showed a minor decline of 0.2% at $69.33, signaling slight adjustments in the energy market. Additionally, 10-year US Treasuries offered 4.54%, reflecting investor preferences in fixed-income securities. Spot gold was trading for $2,620.56 an ounce, reflecting ongoing interest in precious metals as a safe-haven asset amidst economic uncertainties..