*U.S. STOCK FUTURES RISE TO START THE WEEK ON EASING RATE HIKE WORRIES, CHINA REOPENING OPTIMISM - $DIA $SPY $QQQ 🇺🇸🇺🇸
- U.S. stock index futures edged higher on Monday on optimism around China reopening its borders, while signs of cooling in the labor market boosted bets of a slower pace of rate hikes by the U.S. Federal Reserve.
A key inflation report due on Thursday will provide further cues on the state of price pressures and the outlook for interest rates. "Although U.S. jobs figures came in above expectations at the end of last week, suggesting the labor market is still tight, investors seem to have focused on wage growth coming in slightly below what had been penciled in," said Russ Mould, investment director at AJ Bell.
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