U.S. Stock Futures Are Higher After All Three Primary Indexes Declined Last Week
U.S. stock futures are higher: Equity futures are looking to open higher after all three primary indexes declined last week. Treasury yields are up with the 10y at 2.97% versus its closing level of 2.94% & CPI will be released on Friday. Asian markets closed mainly higher as the Chinese government eased some Covid-related restrictions in Shanghai. Additionally, WSJ reported that Chinese regulators are finalizing their restrictions into ride-hailing company Didi and possibly reducing its crackdown on the tech sector. European markets are trading up, investors are waiting for the European Central Bank’s policy meeting on Thursday. Investment grade and high yield spreads have tightened over the last week; for example, high yield spreads 52 week high was 418 compared to 344 ( Friday’s close).