Cnn dow futures pre-market momentum in CNN Dow futures

Pre-market momentum in CNN Dow futures has moderated, with the index futures up just 0.05%. Economic reports later today are likely to set the tone for Wall Street’s next swing move. The Stoxx Europe 600 index, the region’s benchmark, was 2.5% down in morning trade. It has fallen 6% in the past five days to lows last seen in February. Live tracking of CNN Dow futures indicates a pre-market gain of 52 points. Traders attribute the uptick to easing oil prices, which could reduce inflationary pressure and favor equity valuations. Market data shows CNN Dow futures holding steady despite geopolitical tensions. The futures market is awaiting Federal Reserve commentary for clues on possible rate cuts later this quarter.