Understanding Why Rates Are Rising – France and AI

What’s in Today’s Report:

• Understanding Why Rates Are Rising – France and AI

Futures are sharply lower as rising oil prices and Treasury yields are pressuring stocks.

Oil prices are surging as escalating attacks on tankers near the Strait of Hormuz and in the Middle East raise concerns about sustained supply disruptions.

Economically, there were no noteworthy economic reports overnight.

Today focus will be on Jobless Claims (E: 200K), followed by 4- & 8-Week Bill auctions at 11:30 a.m. ET and the 30-Yr Bond auction at 1:00 p.m. ET. Stable claims and solid auction demand would be supportive for stocks.

Finally, there are two Fed speakers today Kashkari (10:40 a.m. ET) and Musalem (1:40 p.m. ET), while earnings today include PEP ($2.29), NG ($-0.08), and HELE ($0.32).