Global Factory Signals Keep US Futures Mixed Ahead of Data
European and Asian manufacturing readings pointed to stronger demand, while rising input costs and a busy calendar kept traders focused.
US stock futures were mixed early Friday, with E-mini S&P 500 contracts roughly flat and Nasdaq-100 futures edging higher. Traders weighed firmer factory readings in Europe and Asia against rising input costs, which the morning update said pointed to persistent price pressures.
Factory gauges including the Eurozone PMI were above 50. South Korea reported record exports and solid manufacturing data, supporting chips and electronics, while some other Asian economies posted weaker factory surveys.
Accenture rose 15.78% after earnings topped expectations and multiple analysts lifted price targets. Synopsys gained 12.78% after upbeat investor-day guidance and new AI partnerships with Amazon and OpenAI.
Coherent added 10.90% after analysts initiated coverage with an Outperform rating, citing its AI infrastructure exposure. Vylor, identified in the update with ticker CTVA, plunged 83.81% after Corteva’s Vylor unit settled a seed intellectual-property lawsuit and related disputes.
The ISM Services PMI is due Monday, alongside services readings from Spain and Italy and inflation data from Turkey. Japan consumer confidence, Australian sentiment readings and an OPEC calendar update are also on the calendar.
This article was produced with the help of AI technology.
Source: Yahoo Finance
