U.S. stock futures edged higher on Monday after American forces launched a strike in Venezuela over the weekend, detaining President Nicolás Maduro and First Lady Cilia Flores on charges including narco-terrorism conspiracy and other offenses.
As of 4:42 P.M. (GMT+7), Dow Jones Industrial Average futures ticked up by 0.01%, or 5.30 points, to 48,387.70 points, while S&P 500 futures advanced by 0.20%, or 13.40 points, to 6,871.90 points. Nasdaq 100 futures also increased by 0.49%, or 122.70 points, to 25,328.90 points.
President Donald Trump stated on Saturday that the United States would oversee Venezuela until a formal political transition could be arranged. However, Secretary of State Marco Rubio, in comments reported Sunday, favored a more cautious approach, saying Washington retains sufficient leverage but did not explicitly endorse direct U.S. control.
Venezuela, responsible for less than 1% of the world’s oil production with daily output below 1 million barrels, is expected to have a muted effect on global crude markets.
Market participants are also bracing for a packed economic calendar this week, with upcoming releases including ISM Manufacturing and Services PMIs, ADP employment data, durable goods orders, the JOLTs jobs report, initial unemployment claims, and consumer inflation expectations.
Meanwhile, the U.S. 10-year Treasury yield subsided to around 4.17%. WTI crude futures softened, trading near $56.83 per barrel, while spot gold prices in U.S. dollars advanced, approaching $4,422 per ounce on Monday.
