U.S. Stock Futures Are Lower With The Continuing War Between Russia & Ukraine
U.S. stock futures are lower. The continuing war between Russia and Ukraine is negatively impacting futures. St. Louis Fed President James Bullard said on Friday that he want to see 12 rate hikes to mitigate evaluated inflation. The 10y has eked down a couple basis points this morning and the curve remains mainly flat. Global energy prices closed higher on Thursday as investors are pricing in the loss of Russian oil from the global markets and fearful of a short fall in international markets. Presidential Biden and Chinese Premier Xi are set to discuss the Russian situation & the President is anticipated to discourage China from supporting Russia. Surprising investors, Russian made its $117 million bond payment and avoided technical default. European markets are trading down & Asian markets closed higher.