Dow futures jump more than 100 points, helped by falling oil prices. This will help ease concerns regarding inflation.
Investors are also expecting a fourth round of peace talks between Russia and Ukraine to progress today.
At 8:00 p.m. Thai time, the Dow Jones Industrial Average gained 149 points, or 0.45%, to 32,989 points.
Airline stocks surged in pre-market trading. The opposite of falling energy stocks
Crude oil prices continued to fall today, with WTI futures falling below $95, while Brent futures dropped below $99.
Investors expect peace talks between Russia and Ukraine to make progress today. This will be a continuation of negotiations from yesterday. This will involve a call for Russia to cease fire. and withdraw all troops from Ukraine
However, trading is expected to be light today. While investors are eyeing the Federal Reserve’s (Fed) monetary policy meeting on March 15-16, it is the second meeting of this year.
Fed Chairman Jerome Powell has signaled that the Fed will raise interest rates by 0.25% this month, not as severe as some analysts had expected a 0.50% increase.
If the Fed raises interest rates this week as expected. It will be the Fed’s first rate hike since 2018.