US equity futures are slightly firmer on Monday. European markets are trading lower, with losses led by France. Asian equities ended mostly lower as China’s underwhelming activity data weighed on sentiment. Focus this week is on the Fed's anticipated 25-bp rate cut during Wednesday’s policy meeting, as inflation is seen sufficiently contained to support further easing. Goldman Sachs expects a pause in January, citing a slower pace of reductions ahead. SNB surprised markets last week with a 50-bp cut, while ECB also trimmed rates as expected but shifted to a more dovish tone, signaling the potential for additional cuts in Q1 2025. Political developments in Europe include a confidence vote for German Chancellor Scholz following coalition collapse and ongoing efforts by France’s new PM François Bayrou to stabilize governance amid economic challenges.

Companies Mentioned: Nippon Steel, US Steel, Capri Holdings, Berkshire Hills, Brookline