Forex
US Stocks Trade Cautiously Amid Inflation Fears and Rising Oil Prices
The US stock market is trading cautiously ahead of the Labor Day holiday, as strong jobs data reinforced expectations of a Federal Reserve rate hike this month.
Dow Jones futures fell by 0.32% to trade near 53,270 during European hours on Monday, while S&P 500 futures held steady near 7,720 and Nasdaq 100 futures advanced by 0.31% to trade around 29,660.
The rise in inflationary risks comes amid a geopolitical escalation between the US and Iran over the weekend, which has led to rising crude oil prices.