U.S. Stock Futures Are Higher With Progress on Debt Ceiling Talks #Biden #DebtCeiling #Putin #StockMarket
U.S. stock futures are higher: Progress on the U.S debt ceiling talks is driving futures higher. Republicans offered a short-term debt limit extension plan which lowered overall investor anxiety regarding a potential government default. This plan would extend the debt ceiling into December and possibly allow the Democrats to finalize a strategy. Last week’s new claims for jobless benefits totaled 326,000 versus 345,000 estimate, the key labor report is the employment numbers out tomorrow morning. Long term treasury yields are slightly higher this morning. Russian President’s announcement to help stabilize the global energy markets resulted in a lower global energy prices with Brent crude down by roughly 1.1% after hitting annual highs. International markets are higher this morning with positive news out of Washington.