Preview of US Stock Market | Three major stock index futures rise and fall unevenly, oil prices surge more than 3%. Morgan Stanley defies the trend and sticks to the script of the Fed lowering interest rates in June.
On March 17th (Tuesday) before the US stock market opened, the futures of the three major US stock indexes were mixed in terms of gains and losses.
Pre-market market trends
1. As of March 17 (Tuesday), the pre-market of US stocks, the futures of the three major US stock indexes were mixed. As of the time of writing, Dow futures were up 0.04%, S&P 500 index futures were down 0.06%, and Nasdaq futures were down 0.17%.
2. As of the time of writing, the German DAX index rose by 0.32%, the UK FTSE 100 index rose by 0.78%, the French CAC40 index rose by 0.66%, and the European Stoxx 50 index rose by 0.43%.
3. As of the time of writing, WTI crude oil rose by 3.63% to $95.82 per barrel. Brent crude oil rose by 3.00% to $103.22 per barrel.
Market News
Oil prices surge reshapes interest rate cut path, Morgan Stanley goes against the trend and sticks to the Fed's rate cut scenario in June. Despite the surge in oil prices caused by the Middle East situation prompting traders to significantly reduce their expectations for the Feds rate cuts this year, Morgan Stanley still maintains its prediction that the Fed will resume rate cuts in June and announce further cuts in September. In contrast, the "CME FedWatch Tool" shows that traders generally predict only one rate cut by the Fed this year, with the timing of the rate cut postponed significantly to September rather than the previously predicted first half of the year. Morgan Stanley stated in its latest research report that if oil prices remain between $125 and $150 per barrel for a long period of time, it will significantly drag on consumer spending and require support from the Fed. The bank's Global Chief Economist Seth Carpenter stated that inflation driven by oil prices is likely to be temporary, "If things get bad enough to start [...]
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