Futures higher, ISM manufacturing PMI ahead - what's moving markets
Investing.com - US stock index futures pointed up on Friday, suggesting a rebound from a negative start to the trading year on Wall Street marked by a slide in shares in electric-vehicle group Tesla . Investors are looking ahead to the release of factory activity data out of the US, which could could provide a glimpse into the state of the key manufacturing sector heading into incoming President Donald Trump's next administration.
Markets will likely be keen to see if the data shows both growth in orders and easing input cost contraints heading into the potentially more pro-business Trump administration. Crucially, the forward-looking new orders sub-index rose to 50.5 in November, moving into expansionary territory for the first time since March, while the reading of prices paid by manufacturers declined.US President Joe Biden has decided to block the sale of U.S.
Broader crypto markets were battered by a wave of selling in the final week of 2024 as traders locked in a stellar run of profits through the year. But some caution also crept into markets, especially on the notion that US interest rates will fall at a slower pace in 2025.
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