- European and US stock futures markets pushed higher early Monday, following Wall Street’s worst week since December that saw traders come to terms with central bank policy that may remain restrictive for longer than thought on both sides of the Atlantic.
- Traders are now pricing US rates to peak at 5.4% this year, compared with about 5% just a month ago, as an acceleration in the Federal Reserve’s preferred inflation gauge dashes hopes for an imminent pause in policy tightening.
- Data due later in the day will provided extra context for the global economic outlook.
- Oil fell as concerns that the Fed will keep on raising rates eclipsed the latest disruption to supplies in Europe and optimism over a demand recovery in China.
- Iron ore sank following an order by Chinese authorities to cut production in its major steelmaking hub in a bid to curb pollution.
Stock Market Today: Dow, S&P Live Updates for Feb. 27, 2022
European and US stock futures markets pushed higher early Monday, following Wall Street’s worst week since December that saw traders come to terms with central bank policy that may remain restrictive for longer than thought on both sides of the Atlantic.
Cecile Gutscher
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