US pre-open: Stocks set for slightly higher start.


Stocks in the US are being called to start the session slightly in the black thanks to a better-than-expected reading on durable goods orders.

US Federal Reserve

Source: Sharecast

Of interest, in an interview with the Financial Times, Chicago Fed boss, Austan Goolsbee, said that signs that US bonds were discounting higher inflation would constitute a "major red flag".

As of 1306 GMT, Dow Jones mini futures were up by 73.0 points at 42,979.0, alongside a 2.50 point gain for the S&P 500 mini contract to 5,829.0.

Nasdaq-100 mini futures meanwhile were off by 13.50 points to 20,475.0.

In the background, the yield on the benchmark 10-year US Treasury note was edging up by two basis points to 4.344%.

Strategists at Barclays slashed their year-end 2025 target for the S&P 500 from 6,600 to 5,900 due to the uncertainty surrounding the US administration's tariff policies.

On the economic front, the Department of Commerce reported that durable goods orders shot 0.9% higher month-on-month in February, thanks to a 4.0% rebound in those for motor vehicles and parts.

Minneapolis Fed boss Neel Kashkari would deliver a speech at 1400 GMT and his opposite number at the St. Louis Fed another at 1500 GMT.

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