Amid Red Sea tensions and impending data, equities are trembling.
Source reuters.com Amid Red Sea tensions and impending data, equities are trembling. December 4, London (Reuters) - As investors were cautious ahead of a plethora of economic data this week that will test market bets on rate cuts from major central banks and the status of the global economy in the coming year, Wall Street stock futures fell on Monday. Dow e-minis 1YMcv1, S&P 500 e-minis EScv1, and Nasdaq 100 e-minis NQcv1 were down 0.3%, 0.4%, and 0.5%, respectively, at 07:22 ET. Attacks on commercial ships in the Red Sea on Sunday ran the risk of rekindling market concerns about an extension of Israel and Hamas' conflict, which might cloud the picture for the rise that saw U.S. stocks close last week at a record high. "That situation appears to be under control as of right now. Paul Watters, head of European credit analysis at S&P Global Ratings, stated, "But the spillovers, the risks around this, can't be underestimated -- the risks to oil if Iran became i