US Stock Futures Rise 0.3% as Chicago PMI Hits 62.7 and China Stays Weak
Updated
Updated · Simply Wall St · Jun 1
US Stock Futures Rise 0.3% as Chicago PMI Hits 62.7 and China Stays Weak
7 articles · Updated · Simply Wall St · Jun 1
Nasdaq 100 futures rose about 0.3% and E-mini S&P 500 contracts gained 0.2% early Monday, extending the market’s push higher at the start of June.
Chicago PMI jumped to 62.7 in May, reinforcing signs of solid US business activity, while calmer inflation signals helped offset concern that rates may stay restrictive.
The 10-year Treasury yield held near 4.45%, and markets priced roughly a 46% chance of another rate hike, keeping pressure on rate-sensitive areas such as real estate and smaller companies.
China added a note of caution: official services PMI stayed just above 50 and manufacturing was at 50, suggesting only marginal growth and soft demand.
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