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The information provided on EL7.AI is for educational and informational purposes only and does not constitute financial advice.
US stock futures declined as escalating geopolitical tensions involving Iran prompted investors to scale back risk exposure. According to reports, markets are awaiting new US inflation data to assess the future path of Federal Reserve monetary policy. This downward movement is driven by a combination of a geopolitical risk premium stemming from Middle East tensions and cautious positioning ahead of critical macroeconomic releases.
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Sign InThese pressures coincide with mixed global market performance, where China's Services PMI rose to 54.4, beating the 52.3 forecast per market data (close June 3, 2026). Conversely, Italy's services sector saw a slight contraction at 49.4 points, reflecting an uneven global recovery pace that further weighs on risk appetite in developed markets.
Traders are closely monitoring technical support levels for S&P 500 and Nasdaq futures as uncertainty persists. Looking ahead at the economic calendar, markets are focused on US Initial Jobless Claims (forecast at 213k) and upcoming speeches from Fed officials, including Bowman and Barkin on June 4, 2026, which may provide further clues on interest rate expectations.