Morning Markets

June E-Mini S&P 500 futures (ESM23) this morning are up +0.02%, and June Nasdaq 100 E-Mini futures (NQM23) are down -0.05%.

U.S. stock index futures this morning are mixed.  The broader market is finding support today on an easing of U.S. default concerns after the House late Wednesday passed a bill to raise the debt ceiling.  However, stock indexes fell back from their best levels after the May ADP employment change rose more than expected, which is hawkish for Fed policy. 

The debt ceiling agreement struck by White House negotiators and Republican leaders last Saturday was passed by the House late Wednesday in a 314-117 vote. The bill now goes to the Senate for a possible vote later today.

U.S. stock indexes have carryover support from a rally in European stocks on an easing of inflation concerns after Eurozone May CPI slowed more than expected and posted its smallest increase in 15 months.

The U.S. May ADP employment change rose +278,... Read more