US futures in the pre-session session point to a weaker opening in the official session. The heightened geopolitical risks and the fading hopes that the Fed will cut interest rates on Wednesday weigh more on sentiment.
We expect a press conference by Saudi Arabia's Energy Minister, Abdulaziz bin Salman, to explain how long it will take the Kingdom to recover oil. Saudi authorities blame Iran for the weekend attack, which wiped out 5% of the world's oil reserves. Iran has been blamed for the attacks.
NASDAQ futures were down 0.2%, DOW down 0.3% and the S & P500 down 0.1%.
Apple is down 0.3% in pre-market session due to an escalating tax dispute with the EU. Shopify is down 4.4% after the company announced a secondary offering of shares. Energy stocks continue to rise, with Exxon Mobil up 0.3% and Chevron up 0.2%.
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