Sentiment Weak Amid Strong Domestic Manufacturing Data
The major U.S. index futures are pointing to a flat opening on Monday, with sentiment fluid amid limited catalysts that could provide direction to the markets. Earlier in the global trading day, China released some weak data points that cast doubts on the sustainability of global growth. Meanwhile, a domestic report released short while ago showed that manufacturing activity in the New York region quickened at the fastest rate since late 2009. The data could trigger anxiety concerning the Fed closing in on monetary policy normalization. The industrial production data due today could also impact the market direction.