U.S. equity futures were mixed on Monday, with investors watching for developments expected to shape markets this week, including Nvidia’s earnings, the Federal Reserve’s annual Jackson Hole gathering, and forthcoming details on new U.S. sanctions targeting Iran. Market participants remain alert to policy actions and key corporate updates amid continued pressure from rising global bond yields.
At 4:13 p.m. (Bangkok Time), futures tracking the Dow Jones Industrial Average climbed 18 points, signaling modest gains, while contracts linked to the S&P 500 and Nasdaq-100 slipped by 0.12% and 0.54%, respectively.
Persistently higher bond yields worldwide have weighed on equity performance, highlighted by the U.S. 30-year Treasury yield reaching 5.3% last week—a level last seen nearly two decades ago. Bond rates in Japan, France, and Germany also reached multi-year highs, amplifying concerns about tightening financial conditions.
Investor sentiment has also been shaped by the White House’s stance toward Iran, with the administration preparing new economic measures against the country. Treasury Secretary Scott Bessent is scheduled to elaborate on the strategy during an afternoon press briefing. In an editorial published over the weekend, Bessent described the package as a major financial offensive against Iran.
Shifts in U.S. foreign policy have followed setbacks in US-Canada trade negotiations. After the imposition of fresh U.S. tariffs on Canadian products, Canadian Prime Minister Mark Carney halted further discussions and pledged equivalent measures in response.
Meanwhile, the week is set to bring additional data influencing market direction, including July personal consumption expenditures price index—key inflation data set for release Wednesday. In parallel, the Federal Reserve will convene its yearly policy meeting in Jackson Hole, Wyoming, where Chair Kevin Warsh is expected to address economic prospects.
Investors are also closely following Nvidia’s upcoming earnings report scheduled for Wednesday. Results from the chipmaker are expected to be a focal point, considering the company’s position at the center of the artificial intelligence sector’s recent rally.
