U.S. Equities Are Continuing To Decline In The Pre-Market After Yesterday's Modest Losses

U.S. stock futures are lower. U.S. equities are continuing to decline in the pre-market after yesterday's modest losses to start the second quarter. Treasury yields moved higher as ISM Manufacturing data unexpectedly shifted into expansionary territory. This morning, intermediate and long yields continue to rise, steepening the yield curve. On the economic calendar, February JOLTS and Factory Orders data are scheduled for release shortly after the opening bell, and Federal Reserve officials will continue speaking engagements throughout the week. The main focus for markets will be the March jobs report, set for release on Friday morning. In international markets, Asian markets closed with mixed results, though notably the Hong Kong Hang Seng Index rose more than 2%. European markets are seeing mixed results in afternoon trading. Crude oil prices are rising, continuing recent strength ahead of tomorrow's OPEC meeting. Gold prices are rising to new all-time highs and the U.S. Dollar is weakening modestly.

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