TD Securities projects US output growth to move sideways in 2026, slightly below trend, with Real Gross Domestic Product (GDP) at 2.0% Q4/Q4 and unemployment around 4.3%. The Iran conflict and an oil shock pose stagflationary risks, while AI and high-income consumers support demand.
The Japanese Yen (JPY) has resumed its broader downtrend against the US Dollar (USD) on Monday following a mild relief last week.
The Dow Jones futures gain 0.18% to trade above 53,280, while S&P 500 futures rise 0.46%, trading near 7,560. Meanwhile, Nasdaq 100 futures advance 1.03% to trade near 29,860 during European trading hours on Monday.