Wall Street-futures gemengd: 5 dingen om te weten vóór de marktopening

VS-aandelenfutures waren dinsdag gemengd terwijl beleggers zich voorbereidden op inflatiecijfers, resultaten van grote banken en commentaar van de Federal Reserve, terwijl een nieuwe opleving van de olieprijs de vrees deed herleven dat het conflict in het Midden-Oosten de strijd tegen oplopende prijzen kan verlengen.

Dow Jones-futures daalden 141 punten, of 0,3%, terwijl S&P 500-futures weinig veranderden. Nasdaq-100-futures presteerden beter en stegen 0,44%.

Wall Street weegt de verwachting van sterkere bedrijfswinsten af tegen het risico dat hogere energiekosten een nieuwe ronde van monetaire verkrapping inluiden.

5 things to know before Wall Street opens

1. June inflation may already look dated

The consumer-price index is due at 8:30 am in Washington.

Economists expect annual inflation to ease to about 3.8% from 4.2% in May, helped by lower petrol prices, while core inflation is forecast to remain near 2.9%.

That may offer limited comfort because crude has climbed sharply since the June measurement period.

Investors could focus more on the latest energy shock than on a softer, backward-looking headline reading.

2. Big banks open the earnings season

JPMorgan, Bank of America, Goldman Sachs, Wells Fargo and Citigroup are due to report before the opening bell.

Investors will focus on trading revenue, investment-banking fees, loan growth and signs of stress among consumers and companies.

The results are an early test of whether profits can support the S&P 500’s roughly 10% advance this year.

Strong capital-markets activity could extend the rally, while higher credit provisions would raise questions about the economy’s resilience.

3. Oil returns as Wall Street’s main macro risk

Brent crude climbed above $85 a barrel, its highest level in about a month, after a third consecutive night of US strikes on Iran.

President Donald Trump also said Washington would restore its blockade of Iranian shipping and seek reimbursement equal to 20% of cargo moving through the Strait of Hormuz.

The risk of disrupted flows through a route carrying about a fifth of global oil supplies has pushed inflation back to the centre of the market debate.

4. Warsh faces a congressional test

Fed Chair Kevin Warsh will deliver the semi-annual monetary policy report to the House Financial Services Committee at 10 am.

Investors will watch whether he treats the oil shock as temporary or as a threat to inflation expectations.

Governor Christopher Waller added to the hawkish tone on Monday, arguing that persistently elevated inflation could require tighter policy in the near term.

5. Chip shares attempt a rebound

Nasdaq futures outperformed as semiconductor shares recovered in premarket trading following Monday’s sharp retreat.

The Nasdaq Composite lost 1.6% in the previous session as technology stocks bore the brunt of higher oil prices and rising Treasury yields.

The rebound offers some support to growth shares, but its durability may depend on the CPI reading, bond-market reaction and whether oil extends its advance.