Dow Jones futures gain 0.54% to trade around 52,920 during European trading hours on Monday. Meanwhile, S&P 500 futures rise 0.49% to trade near 7,550, while Nasdaq 100 futures advance 0.64%, trading near 28,590.
MUFG’s Derek Halpenny highlights that the Federal Reserve’s decision to leave rates unchanged, and Chair Warsh’s failure to clearly justify the pause, triggered a sell-off at the long end of US Treasuries and modest Dollar weakness.
The Federal Reserve left its target range at 3.50% to 3.75% at 18:00 GMT, three voting members dissenting in favour of an immediate quarter-point increase. Equities bought the hold and ignored the split, the index adding roughly 200 points in the minutes after the headline to trade near 52,100.