Financial Market Breakdown - June 27, 2022

Quick Highlights

  • Futures are slightly higher, primarily on momentum from last week’s rally and following a quiet weekend of news.
  • In China, the economic reopening continued as Shanghai reported no new COVID cases for the first time in two months, while Beijing allowed most schools to reopen on Monday.
  • Geopolitically, Russia defaulted on a debt payment. But this was widely expected, so it’s not impacting markets.
  • Econ Today: Durable Goods (E: 0.5%), Pending Home Sales (E: -2.5%).