Wall Street: a pause after a string of record highs
Half an hour before the opening, futures contracts on the main New York indices were down by around 0.1%, suggesting a modest consolidation in early trading.
Buoyed by continued robust economic growth and solid quarterly results, the US equity markets have now posted 14 out of 15 weeks of gains.
This upward streak, unprecedented since 1972, enabled the S&P 500 index to finish Friday's session above the major psychological 5000-point threshold, an all-time first.
Since January 1, the S&P 500 has already posted a 5.4% rise, after gaining more than 22% last year.
After this favorable sequence, Wall Street should catch its breath on Monday, while awaiting new indicators that will enable investors to get a better feel for the markets.
Equity markets have been a little complacent over the past few weeks," points out Alexandre Baradez, Head of Market Analysis at IG France.
Tomorrow, investors will take note of the US consumer price index, which is expected to have slowed in January, confirming the prospect of further monetary easing.
Other important indicators will follow, such as import prices and retail sales on Thursday, before Michigan consumer confidence on Friday.
The other hoped-for catalyst could come from companies, with the fourth-quarter earnings release season set to continue in the coming days.
While announcements are likely to be fewer in number in the US, several leading groups such as Coca-Cola, Kraft Heinz, Cisco and Applied Materials are scheduled to unveil their accounts this week.
No major indicators are on the agenda for Monday.
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