by Oliver Gray
Investing.com – U.S. stock futures traded higher during overnight trades on Monday, after major indexes extended their losses for the fifth consecutive session as investors continued to retreat amid rising interest rates and mounting recession fears.
By 7:20 PM ET (11:20 PM GMT), both were up 0.2%.
Ahead of Tuesday’s session, market participants will focus on and.
Meanwhile, rising currency risks are dampening risk sentiment as it surged to new highs versus 20-year highs versus the Federal Reserve that followed last week.
During normal trading on Monday, it fell 239.6 points, or 1.1%, to 29,260.8, falling to its lowest level since November 2020. It fell 38.2 points, or 1%, to 3655.1 to close at its lowest level since December 2020, while it was down 65 points, or 0.6. % reaches 10,802.9 and extends to its lowest level in 3 months.
In the bond markets, interest rates were at 3.928%, just below 12-year highs.