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Wall St Futures Muted as Oil Tops $100 for First Time Since July
Brent crude briefly topped $100 a barrel as traders priced in a 60.4% chance of a Federal Reserve rate increase, according to CME FedWatch.
- On Wednesday, U.S. stock index futures remained subdued as Brent crude oil prices breached $100 per barrel for the first time since July, driven by an intensifying Middle East conflict.
- Escalating supply disruption fears intensified after CENTCOM destroyed five Iranian oil tankers following attacks on U.S. naval vessels, while Houthi strikes targeted Saudi energy facilities.
- Markets currently price in a 60.4% chance of a 25 bps rate hike next week, with investors awaiting Consumer Price Index data on Friday.
- Anthony Saglimbene, chief market strategist at Ameriprise Financial, warned that if deals fail to support revenue, markets may face a "tangled web of risks that may not be easily untied."
- Lawrence Gillum, Chief Fixed Income Strategist at LPL Financial, views current pressure as an "uncomfortable but necessary normalization rather than a crisis," noting starting yields are the best in 20 years.
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·Düsseldorf, Germany
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BizTocStock market today: Dow, S&P 500, Nasdaq futures hold steady as oil prices near $100
US stock futures held steady in premarket trading as oil prices approached $100 per barrel amid geopolitical tensions and shifting expectations for Federal Reserve interest rate decisions.
Wall St futures muted as oil tops $100 for first time since July
·London, United Kingdom
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Coverage Details
Total News Sources15
Leaning Left1Leaning Right2Center4Last UpdatedBias Distribution57% Center
Bias Distribution
- 57% of the sources are Center
57% Center
14%
C 57%
R 29%
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