In the wake of European markets which rebounded at the start of the week, the S&P500 index rose by 0.5% in pre-opening.
The US index ended down 1.05% at 3,970 points on Friday after new inflation data came out better than expected, raising fears of a continuation of the Fed’s tight monetary policy for a longer period.
In terms of statistics, orders for durable goods will be published in the United States at 2:30 p.m. then promises of home sales at 4 p.m.
Technically, the S&P500 should start a technical recovery on the 6947 points area. The momentum nevertheless remains bearish below 4028 points. Only exceeding this level would allow the scenario of a stronger rebound towards 4052/4089 points.