U.S. Stock Futures Are Lower While Global Energy Prices Inched Up This Morning
U.S. stock futures are lower: Global energy prices inched up this morning as U.S and European allies are considering additional sanctions against Russia, focused on coal imports. Higher crude oil prices are driving equity futures down in morning trading. Higher commodity prices are deepening concerns about evaluated inflation and aggressive Fed hiking. The yield curve remains inverted as the 2y yield is trading roughly 2 bps higher relative to the 10y & treasury yields are higher across the curve. European markets are trading lower - closely attuned to the war and the continuing uncertainty with Inflation expectations and its impact on global growth. Asian markets closed higher.