U.S. futures edge up as public holidays dim trading | Business News

U.S. futures saw a slight uptick today as trading activity remained subdued due to public holidays. The recent soft inflation data from the U.S. has provided a boost to market sentiment, encouraging a cautious optimism among investors. This development follows Friday's key inflation report, which suggested a continued easing of price pressures, offering some relief amid ongoing economic uncertainties. In the commodities market, gold prices experienced a significant rebound, rising above the $5,000 mark per ounce. The precious metal's surge is largely attributed to the softer inflation data, which has sparked renewed interest among investors seeking safe-haven assets. Meanwhile, oil prices remained relatively flat, with geopolitical risks in key regions keeping traders on edge and preventing any significant movement in the market. As the week progresses, market participants will be closely monitoring further economic indicators and geopolitical developments. The subdued trading environment due to public holidays could lead to limited volatility, but the underlying economic narratives will likely continue to shape investor strategies. With inflation concerns easing slightly, eyes will be on upcoming corporate earnings and policy announcements for further direction.

— Authored by Next24 Live