Here we go..
Another Day another debt..
S&P 500 futures are 0.5% above fair value;
Nasdaq 100 futures are 0.5% above fair value;
DJIA futures are 0.4% above fair value
Key factors driving the futures market:
Lingering belief that market is deeply oversold and due for a rebound into quarter end
Long-term rates keep slipping (10-yr at 3.12% after flirting with 3.50% on June 14)
Eurozone posts weaker-than-expected flash PMI readings for June
Norges Bank hikes key policy rate by larger-than-expected 50 basis points to 1.25% (25 basis points expected)
China’s Xi says country will step up its macroeconomic policy adjustment, according to CNBC
Russia making inroad in eastern Ukraine, with reports suggesting it is close to takeover of Luhansk province
Energy company executives to meet in D.C. today to discuss production plans
Fed Chair Powell appears at 10:00 a.m. ET before House Financial Services Committee for day two of his Semiannual Monetary Policy Report
Darden Restaurants (DRI) and KB Home (KBH) post better-than-expected earnings results