Futures inch lower, NFPs ahead, Broadcom's outlook - what's moving markets
Investing.com -- Stock futures on Wall Street edge lower ahead of the publication of this week's all-important labor market report, which could influence the size of a possible Federal Reserve interest rate cut later this month. Broadcom's last week, Broadcom's numbers missed sky-high expectations, with investors now on the lookout for any signs that a recent boom in AI chip demand may be fading.
The group said it was open to"sincerely consider" any proposals, but noted that it would"resist" any plan that"deprives our shareholders of the company's intrinsic value that fails to specifically address very real regulatory concerns." Analysts quoted by Reuters said investors were taking some caution ahead of the jobs data, particularly after the previous month's figure triggered a sell-off across global markets.
The OPEC+ group of producers, meanwhile, said it had agreed to postpone a planned increase in oil production for October and November.
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