Stock Futures Are Relatively Unchanged as Markets Commence Final Week of the Quarter
U.S. stock futures are lower. Stock futures are relatively unchanged as the markets commence the final week of the quarter, following the end of a five-week winning streak for the S&P 500. Yields are decreasing, providing a boost to bonds. The economic calendar for the week starts off with minimal activity, while the scheduled release of PCE inflation on Friday morning will offer investors further insight into inflation trends. European markets are edging higher after recent developments over the weekend, where Russia managed to suppress an uprising led by the private military company Wagner Group. Conversely, Asian indexes closed lower due as economic and geopolitical concerns weigh on markets. Crude oil prices are retracing their gains as investors continue to evaluate the impacts of the failed Russian insurrection. On the other hand, gold prices are rising and the value of the Dollar is weakening.
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