World market futures a stronger-than-expected China PMI

A stronger-than-expected China PMI pushed world market futures higher, with S&P futures gaining 0.4% and commodity-linked indices rising. Iron ore futures jumped, lifting sentiment in mining and steel stocks globally. US futures sank, the dollar slipped, and world shares were mixed after a US government shutdown began on Wednesday. The two times that were not associated with recession were in 2003 after the U.S. invasion of Iraq and in 2022, when oil prices were coming off of a much higher starting level, the note said. . Tech-heavy world market futures are steady despite concerns over slowing chip demand. NASDAQ futures are trading flat, with analysts pointing to upcoming AI earnings reports as potential catalysts for breakout moves.