After moving sharply higher over the first quarter of the year, stocks may give back some ground to start off the second quarter. The major index futures are currently pointing to a modestly lower open for the markets on Monday, with the Dow futures down by 16 points.
Disappointing European economic data may contribute to any early weakness on Wall Street, with a report from Markit Economics showing a continued contraction in eurozone manufacturing activity.
Markit said its purchasing managers index fell to 47.7 in March from 49.0 in February, with a reading below 50 indicating a contraction. The latest number was in line with a preliminary reading.
A separate report released by Eurostat showed that the unemployment rate in the eurozone rose to a record high of 10.8 percent in February.
Not long after the open, trading could be impacted by the release of some U.S. economic data, including a report from the Institute for Supply Management on activity in the U.S. manufacturing sector.
Economists expect the ISM's index of activity in the manufacturing sector to edge up to 53.0 in March from 52.4 in February, indicating a modest acceleration in the pace of growth in the sector.
The Commerce Department is also scheduled to release its report on construction spending in the month of February, with economists expect spending to increase by about 0.7 percent.
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Market Analysis
June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.