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US stock futures rose as traders continued to flee bonds


U.S. stock futures rose on Monday, as investors began to flee bonds as volatility in the fuel market drew global attention.

What’s going on
  • The future of the Dow Jones Industrial Average YM00,
    + 0.42%
    34821, up 147 points or 0.4%

  • The future of the S&P 500 ES00,
    + 0.22%
    0.3% or 13 points higher at 4459

  • The future of the Nasdaq 100 NQ00,
    -0.09%
    0.1% or adding 11 points to 15333

Friday, Dow Jones Industrial Average DJIA,
+ 0.10%
33 points or 0.1% up 34798, S&P 500 SPX,
+ 0.15%
7 points or 0.15% increase to 4455, while the Nasdaq Composite Comp,
-0.03%
Fell 5 points or 0.03% to 15048.

What is driving the market

The global energy crisis took center stage on Monday. Lack of electricity has forced factory production in China to decline, while in the UK, stockpiles at gas stations and inventories have been reduced due to a shortage of truck drivers.

Analysts at Goldman Sachs have raised their oil price forecast to 90 90 a barrel, saying its impact is the most bullish hurricane on U.S. supplies.

These energy disruptions have highlighted what is a growing problem for the world economy, as supply has not recovered as quickly as demand in various markets. Costco wholesale cost,
+ 3.31%
It was said last week that it had imposed limits on buying toilet paper and water.

Markets continue to be cautious on the impact of China Evergrand 3333,
+ 8.05%
Debt is a problem in the world’s number two economy, while the number one European economy in Germany has so far failed to make the expected decision after months of coalition talks.

Several officials from the Federal Reserve will speak this week, including speeches by Charles Evans, president of the Chicago Fed, John Williams, president of the New York Fed, and Fed Governor Leil Brennard on Monday.

“Despite this bright opening for shares, it’s hard to read this week’s trading landscape,” said Pierre Verrett, technical analyst at ActivTrades. “The lack of a clear winner in the German election and a new batch of statements from most central bankers could slow the rally. In addition, the eyes of investors are carefully watching the situation in China where both the energy and liquidity crises are worsening, raising concerns of a knock-on effect on other economies.

Other markets
  • Yield at 10 year Treasury TMUBMUSD10Y,
    1.493%
    Production rose 1.48% after the biggest weekly increase in six months.

  • Crude oil CL.1, light, sweet
    + 1.37%
    It rose above 1% to 74 74.97 a barrel.



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