Wall Street futures pointed moderately higher pre-bell Monday, eyeing new record highs as traders weighed the earnings season and awaited pending national inflation and retail sales reports. In the futures, the S&P 500 rose 0.3%, the Nasdaq inclined 0.2% and the Dow Jones was up 0.4%. Bitcoin struck fresh all-time zeniths in premarket action, topping $82,000 and sending related cryptocurrency shares higher.
Shares in Coinbase Global, a cryptocurrency exchange, traded up 17% pre-bell. The October consumer price index (CPI) bulletin will post Wednesday morning in Washington, followed by the October retail sales report on Friday. Asian exchanges traded choppily overnight, with Hong Kong falling back after economic stimulus measures disclosed by Beijing over the weekend failed to impress traders.
European bourses tracked solidly higher midday on the continent. Later this week, blue-chips Disney, Home Depot, Brookfield, Cisco, Applied Materials, Shopify, and Spotify. Aramark, ICL, and RadNet report earnings pre-bell, among others. The economic calendar is vacant. In premarket action, Bitcoin traded at $82,133, West Texas Intermediate crude oil traded lower at $69.30, and 10-year US Treasuries offered 4.34%.
Spot gold traded for $2,669 an ounce..