Ahead of today’s opening bell, Dow futures pre market rose by 0.3%, supported by a stronger euro-dollar exchange rate that could benefit multinational revenues. Traders are recalibrating based on export dynamics. The Donald Trump administration has reportedly warned that the shutdown could cut $15 billion from weekly GDP and leave 43,000 more people jobless if it lasts a month. Meanwhile, the 10-year Treasury bond yielded 4.10% and the two-year bond was at 3.54%. The CME Group's FedWatch tool ‘s projections show markets pricing a 94.6% likelihood of the Federal Reserve cutting the current interest rates in its October meeting. Futures tied to the Dow are inching higher in pre-market trade after a volatile previous session, reflecting optimism that inflation prints later this week may confirm a decelerating trend. Market breadth is improving across the board.
