Gulf oil export data; Constellation Brands to report - what’s moving markets
U.S. stock futures climbed higher on Tuesday as equities began the fourth quarter on a positive note. The Dow futures rose 170 points, S&P 500 futures gained 12 points, and Nasdaq 100 futures increased by 36 points. The rise in markets came despite a decline in oil prices, which helped to ease concerns about energy-driven inflation.
Gulf oil exports surpassed pre-war levels for half of September, according to new data, with volumes exceeding pre-war levels for 14 days despite threats of attacks on tankers in the region. Constellation Brands, which produces beer brands like Corona and Modelo Especial, is scheduled to report its latest quarterly results after the bell.
Additionally, U.S. trade data for August is set to be released, with the trade deficit widening in July due to strong import demand. Meanwhile, Chinese AI startup DeepSeek is planning to raise at least $12 billion in a funding round led by Tencent and CATL.
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