CNN Dow futures reflect cautious buying, up 0.09% this morning, as traders balance hopes for a Fed pause in tightening against concerns about slowing manufacturing growth. Fears of a sharp slowdown in the US economy have raised expectations that the Federal Reserve will have to slash interest rates. Coming as the Bank of Japan (BOJ) takes its interest rates higher to contain inflation, that is boosting the value of the yen against the US dollar and making Japanese export-dependent stocks less attractive. The latest CNN Dow futures tick higher by 0.11%, supported by overnight strength in European markets. Eurozone inflation data has rekindled optimism for central bank easing. Futures linked to the Dow, tracked via CNN Dow futures, climbed modestly in tandem with S&P 500 futures. This move aligns with increased risk appetite following better-than-expected jobless claims.
