US session will start with wariness and small declines

25.04.2016 / 15:55

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U.S. stock index futures declined on Monday, ahead of the busiest week of first-quarter earnings season. European and Asian stock indexes traded lower on Monday as crude oil prices fell. Saudi Arabia, the de facto leader of OPEC, is expected to announce a plan later on Monday to diversify its economy away from oil production. US traders mull Saudi Arabia, earnings and Fed.

Monday was comparatively quiet, with KKR and Xerox posting results before the bell. Both companies will host conference calls at 10 a.m. ET. The major data due on Monday are new home sales for March.

The Federal Reserve will hold a policy meeting on Tuesday and Wednesday. It is unlikely to raise interest rates but may leave the door open for a rise at its next meeting in June.

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US session will start with wariness and small declines

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