\n This week is set to be calmer with little data, earnings season over.\n <\/p>\n
by\u202fAndre Janse van Vuuren and Eman Abouhassira\u00a0<\/p>\n
US stocks are set to pull back from all-time highs, with traders dialing back risk at the start of a relatively quiet week on the events calendar. Gold\u202fhit\u202fa fresh record.\u00a0<\/p>\n
Futures for the S&P 500 retreated 0.2% after bets on a series of interest rate cuts drove the benchmark to a fresh high at the end of last week. European stocks were little changed. Asian equities rebounded as concerns over the Bank of Japan\u2019s plans to offload exchange-traded fund\u202fholdings\u202feased.\u00a0<\/p>\n
After the Federal Reserve cut rates for the first time this year, this week\u2019s data calendar looks thin, with Friday\u2019s release of policymakers\u2019 preferred gauge of underlying inflation the main item. With the central bank\u2019s dovish stance largely shaped by a weakening labor market, next week\u2019s payrolls report looms as the bigger catalyst, alongside the start of the earnings season next month.\u00a0<\/p>\n
\u201cThis week is overall the calmest week of the month on the macro front and with the earnings season over, markets will likely drift on hearsay and sentiment,\u201d said Panmure Liberum strategist Joachim Klement. \u201cInvestors are increasingly bullish on the six-month outlook for US stock markets as the Fed has restarted its cuts, but we think this is a case of collective overconfidence.\u201d\u00a0<\/p>\n
Gold powered past $3,700 an ounce as ETF inflows hit a three-year high. Silver rose to the highest since 2011. With lower rates typically boosting non-interest bearing precious metals, market bets for almost two more cuts this year \u2014 alongside haven demand from geopolitical risks and trade tensions \u2014 have fueled a rally of more than 40% in bullion for 2025.\u00a0<\/p>\n
\u201cAs the world\u2019s oldest inflation hedge and with the Fed poised to embark on another monetary policy loosening cycle, gold is likely to remain well supported,\u201d said Kathleen Brooks, research director at XTB Ltd.\u00a0<\/p>\n
\n\tBBVA SA\u202fhas increased the value of its takeover bid for Banco Sabadell by about 10%, offering more of its shares as it looks to convince investors in its smaller rival to accept its offer.\u00a0
\n\tBYD Co.\u202fshares dropped the most in three weeks after a report that Warren Buffett\u2019s investment firm offloaded its stake in the Chinese electric-vehicle maker.\u00a0
\n\tPfizer Inc.\u202fis closing in on a potential $7.3 billion takeover of obesity startup Metsera Inc., the Financial Times reported.\u00a0
\n\tSamsung Electronics Co.\u202fshares jumped more than 5% after reports it\u2019s won approval from Nvidia Corp. for the use of advanced memory chips, which marks a breakthrough for the Korean technology leader.\u00a0
\n\tTrump administration\u202fofficials plan to link the active ingredient in Tylenol to autism Monday, the Washington Post reported, citing unnamed people familiar with the matter.\u00a0
\n\tAsia-listed Apple Inc. suppliers saw their shares rise after the US firm\u2019s latest iPhone release was met with high shopper turnout.\u00a0
<\/p>\n
Some of the main moves in markets:\u00a0<\/p>\n
\n\tThe Stoxx Europe 600 was little changed as of 9:34 a.m. London time\u00a0
\n\tS&P 500 futures fell 0.2%\u00a0
\n\tNasdaq 100 futures fell 0.2%\u00a0
\n\tFutures on the Dow Jones Industrial Average fell 0.2%\u00a0
\n\tThe MSCI Asia Pacific Index rose 0.3%\u00a0
\n\tThe MSCI Emerging Markets Index rose 0.2%\u00a0
<\/p>\n
Currencies\u00a0<\/p>\n
\n\tThe Bloomberg Dollar Spot Index was little changed\u00a0
\n\tThe euro rose 0.2% to $1.1766\u00a0
\n\tThe Japanese yen was little changed at 147.86 per dollar\u00a0
\n\tThe offshore yuan was little changed at 7.1168 per dollar\u00a0
\n\tThe British pound rose 0.2% to $1.3500\u00a0
<\/p>\n
Cryptocurrencies\u00a0<\/p>\n
\n\tBitcoin fell 2.3% to $112,707.36\u00a0
\n\tEther fell 6.2% to $4,201.5\u00a0
<\/p>\n
Bonds\u00a0<\/p>\n
\n\tThe yield on 10-year Treasuries was little changed at 4.13%\u00a0
\n\tGermany\u2019s 10-year yield was little changed at 2.75%\u00a0
\n\tBritain\u2019s 10-year yield declined one basis point to 4.70%\u00a0
<\/p>\n
Commodities\u00a0<\/p>\n
\n\tBrent crude rose 0.5% to $67.01 a barrel\u00a0
\n\tSpot gold rose 0.9% to $3,718.90 an ounce\u00a0
<\/p>\n
This story was produced with the assistance of Bloomberg Automation.\u00a0<\/p>\n
\u00a9\u202f2025\u202fBloomberg L.P.\u00a0<\/p>\n","protected":false},"excerpt":{"rendered":"This week is set to be calmer with little data, earnings season over. by\u202fAndre Janse van Vuuren and…\n","protected":false},"author":2,"featured_media":173757,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[37],"tags":[28,112],"class_list":["post-173756","post","type-post","status-publish","format-standard","has-post-thumbnail","category-markets","tag-business","tag-markets"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts\/173756","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/comments?post=173756"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts\/173756\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/media\/173757"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/media?parent=173756"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/categories?post=173756"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/tags?post=173756"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}