U.S. Stock Futures Are Lower as Russia Invades Ukraine
U.S. stock futures are lower: Global markets are lower as Russia invades Ukraine. All three primary U.S equity futures are down this morning. Investors are clearly concerned about the economic consequences from this Russian incursion; especially on a global economy that is in the midst of supply chain disruptions, higher inflation, and possible Fed hiking. Brent crude prices topped $100 per barrel for the first time since 2014 and gold and treasury prices are higher as investors retreat to safer assets. The yield on the 10y treasury declined to 1.85% from 1.98% & the German bund yield is also falling. New jobless claims from last week were 232K, mainly in line with consensus.