Mixed Catalysts Could Render the Mood Cautious
The major U.S. index futures are pointing to a lower opening on Friday, with sentiment reflecting weakness as the markets grapple with the uncertainties on the economic, monetary policy and geopolitical fronts. An economic report released earlier in the day showed a bigger than expected increase in durable goods orders. Economic evidence across the Atlantic has been mixed, with German business confidence waning, while a forward looking consumer confidence index for Germany came in stronger than expected. The U.K. economy expanded in line with expectations. Earnings news has been mixed. With the economy facing several headwinds, the markets may mostly go about a consolidation move.