Nasdaq-100 futures edge up 0.2% while Dow and S&P 500 remain flat as energy supply fears and geopolitical instability dominate market sentiment ahead of key corporate earnings.
CME Group mentioned as source for Fed rate hike odds, no direct stock impact.
US stock futures remain muted as investors weigh escalating US-Iran conflict against shifting Federal Reserve rate hike expectations. Brent crude has climbed to $99 per barrel, fueling inflation concerns that have pushed the probability of a September rate hike to 60%.
Oil prices are surging toward $100 per barrel due to escalating military conflict between the US and Iran, specifically following US strikes on Iranian oil tankers and fears of supply disruptions in the Strait of Hormuz.