Lack of Catalysts Could Leave Traders Clueless
The major U.S. index futures are pointing to a lower opening on Monday, with sentiment still fragile in the absence of any major catalysts. The tech space is likely to come under pressure, as reports suggest that Apple (AAPL) has cut orders for the components of its iPhones. Meanwhile, Asian stocks received a lift by comments by a Chinese official that foreign investments in Chinese equities will be doubled. The European markets are seeing some volatility amid the release of a report showing an unexpected dip in industrial output in the eurozone region.