U.S. stock futures were softer as the latest risk asset rally struggled to maintain momentum.
U.S. stock futures were softer Thursday as the latest risk asset rally struggled to maintain momentum.
What’s driving markets Equity futures were struggling to make headway on Thursday as the rally, caused by recent data suggesting cooling U.S. inflationary pressures, looked to be running out of steam. “After a strong rebound over recent days, the momentum behind risk assets [has] started to peter out…thanks to some hawkish comments from Fed officials, weak corporate earnings, as well as strong retail sales numbers that dampened hopes about a dovish pivot from the Fed,” said Jim Reid, strategist at Deutsche Bank.
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