Morningstar
Dow Jones Top Markets Headlines at 3 AM ET: Stock Futures Rise With Tuesday's Midterms Looming | Oil ...
xCruzo Brief
Stock futures rose ahead of U.S. midterms on Tuesday, while oil prices fell by more than 3% as Iran-related supply fears eased. Reports said Iranian Foreign Minister discussions with Qatari mediators on a proposal to reopen the Strait of Hormuz were ongoing but had not produced an agreement. In the U.K., the Bank of England is expected to raise its key rate on Thursday, joining peers as it tries to contain a pickup in inflation ahead of wage negotiations. Treasury yields were little changed in Asian trading. The broader week also includes data and policy signals tied to the election outcome, plus updates on gas sales to Europe, factory activity in Asia, and ongoing concerns for Gulf shipping amid steady OPEC output.
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