Futures Flat As Geopolitical Tensions Offset Latest China Stimulus Vows

S&P futures are flat after hitting a fresh record highs on Friday and ceding brief gains sparked by China’s monetary-policy shift, as investors focused on an upsurge in geopolitical risk and the outlook for interest-rate cuts in the US and other major economies. As of 8:00am, S&P futures dipped 0.1% and Nasdaq 100 futs were down 0.2% after rising earlier following China’s announcement that authorities will embrace a “moderately loose” strategy next year. More steps on the fiscal side could be unveiled at Wednesday’s Central Economic Work Conference. While Beijing’s...