17.06.2024 14:28:53 - dpa-AFX: Wall Street Poised To Start Broadly Lower

BRUSSELS/FRANKFURT/PARIS (dpa-AFX) - Initial cues from the U.S. Futures
Index suggest that Wall Street might open broadly lower on Monday.

Retail sales, industrial production, housing starts reports and existing home
sales might get attention this week.

As of 8.05 am ET, the Dow futures were declining 54.00 points, the S&P 500
futures were down 0.25 points and the Nasdaq 100 futures were progressing 35.50
points.

The U.S. major averages finished broadly down on Friday. The Nasdaq crept up
21.32 points or 0.1 percent to 17,688.88, the S&P 500 edged down 2.14 points or
less than a tenth of a percent to 5,431.60 and the Dow dipped 57.94 points or
0.2 percent to 38,589.16.

On the economic front, the Empire State Manufacturing Index for June will be
issued at 8.30 am ET. The consensus is minus 10.5, while it was minus 15.6 in
May.

The three-month Treasury Bill auction, and the six-month Treasury bill auction
will be held at 11.30 am ET.

Philadelphia Fed President Patrick Harker will speak on the economic outlook
before the Global Interdependence Center 42nd Annual Monetary and Trade
Conference at 1.00 pm ET.

Asian stocks ended lower on Monday. Chinese stocks fell. The benchmark Shanghai
Composite index dropped 0.55 percent to 3,015.89 while Hong Kong's Hang Seng
index finished marginally lower at 17,936.12 after a choppy session.

Japanese markets led regional losses. The Nikkei average slumped 1.83 percent to
38,102.44 while the broader Topix index settled 1.70 percent lower at 2,700.01.

Australian stocks ended modestly lower, dragged down by mining and energy
stocks. The benchmark S&P/ASX 200 slid 0.31 percent to 7,700.30 while the
broader All Ordinaries index closed 0.39 percent lower at 7,943.60.

European shares are trading mostly up. Among the major indexes in the region,
the CAC 40 Index of France is adding 32.59 points or 0.43 percent. The German
DAX is progressing 54.64 points or 0.30 percent, the U.K. FTSE 100 Index is
gaining 1.85 points or 0.02 percent.

The Swiss Market Index is down 43.05 points or 0.36 percent.

The Euro Stoxx 50 Index, which is a compilation of 50 blue chip stocks across
the euro area, is up 0.60 percent.



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Copyright RTT News/dpa-AFX
Name WKN Börse Kurs Datum/Zeit Diff. Diff. % Geld Brief Erster Schluss
CAC 40 969400 Paris 7.609,15 26.06.24 17:51:45 -53,15 -0,69% - - 7.703,80 7.662,30
FTSE 100 969378 Financial Times SE 8.225,33 26.06.24 17:35:29 -22,46 -0,27% - - 8.247,79 -
DAX ® 846900 Xetra 18.155,24 26.06.24 17:50:00 -13,75 -0,08% - - 18.176,80 18.177,62
E-STOXX 50 ® 965814 STOXX Ltd. 4.915,94 26.06.24 17:50:00 -18,09 -0,37% 0,000 - 4.954,79 4.935,97

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