Courtesy of ValueWalk
Wall street is bracing for a 75 base point rise in interest rates as the U.S. Federal Reserve is set for a two-day policy meeting until Wednesday. US stock futures are fractionally higher on Monday as markets await some key corporate earnings report this week as the Q2 Reporting season gets into full stride.
European markets have started the week in the negative, with the Stoxx600 fractionally lower at 11.30 am CEST. Europe is also looking ahead for its own share of corporate earnings with major companies including UBS, Credit Suisse, Deutsche Bank, Barclays, Renault and Unilever set to report this week, which will be a key driver for stocks.
The FTSE 100 is marginally up to start the week, while oil price remains steady as traders anticipate a week demand if interest rates rise. The wider energy markets remain captivated by the geopolitical winds as the war in Ukraine continues.