U.S. Stock Futures Are Higher As Global Energy Prices Stabilize

United Asset Strategies |

U.S. stock futures are higher.  The Federal Reserve is expected to hike benchmark rates by 25 bps today with an announcement at 2.  After a signification pullback from multiyear highs, global energy prices have stabilized.  Chinese equity indexes jumped higher.  The Chinese government announced that it will enact policies to stabilize markets & lessen expected economic slowdowns.  Retails sales came in slightly lower than consensus: 0.3% versus 0.4%.  The yield on the long bond (30y) was pushed up to 2.51%, highest level since August 2019, this morning compared to its close at 2.48% & the 10y yield eked up a couple basis points. Ukrainian President said a potential peace deal with Russia is starting to “sound more realistic” as negotiations continue today.   European markets are trading higher.