U.S. Stock Futures Are Lower Ahead of Today's FOMC Minutes

United Asset Strategies |

U.S. stock futures are lower:   FOMC minutes will be released today and may provide insight into interest rate policy and economic growth projections.  New home sales for April came in at 591k compared to 750k consensus and the decline was mainly related to higher mortgage rates.  Treasury yields are inching lower across the curve as investors wait for the minutes.  European markets are trading mixed today with fears of a Russian default intensifies due to  the U.S Treasury’s move to cut off Russia’s ability to make payment on its dollar denominated sovereign debt.  Asian markets closed slightly higher.