|
Several political analysts said the summit had yielded symbolic,
rather than tangible, results.
Investors also focused on the U.S. Federal Reserve's two-day
policy meeting on Tuesday during which it is widely expected to
raise interest rates, as well as on economic data.
In what could be the most consequential rewrite of its policy
statement in two-and-a-half years, the Fed may signal how close
it is to stopping its rate hike cycle, whether faster economic
growth warrants ramping up the pace of tightening, and if it
feels the era of loose money is, in effect, over.
By 7:16 a.m. ET, Dow e-minis <1YMc1> were down 42 points, or
0.17 percent. S&P 500 e-minis <ESc1> were down 2.75 points, or
0.1 percent and Nasdaq 100 e-minis <NQc1> were down 6.75 points,
or 0.09 percent.
On the data front, U.S. consumer prices for May are expected to
remain steady at 0.2 percent, while the core CPI is expected to
gain 2.2 percent from a year earlier. The Labor Department is
expected to release the data at 8:30 a.m. ET.
Inflation is flirting with the Fed's 2 percent target and
policymakers have in recent days signaled they would not be too
concerned if inflation overshot the target.
Among stocks, Twitter <TWTR.N> rose 2.4 percent in premarket
trading after J.P. Morgan raised price target by $11 to $50.
Shares of AT&T Inc <T.N> rose 0.5 percent ahead of a landmark
ruling that will determine if it can buy Time Warner Inc <TWX.N>.
(Reporting by Sruthi Shankar in Bengaluru; Editing by Anil
D'Silva)
[© 2018 Thomson Reuters. All rights
reserved.] Copyright 2018 Reuters. All rights reserved. This material may not be published,
broadcast, rewritten or redistributed.
Thompson Reuters is solely responsible for this content.
 |
|
