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US Equity Futures Drift Lower, McCarthy Says "No Agreement"

CROSS ASSET

US Equity futures have drifted lower in early dealing on Friday. House Speaker McCarthy noted that this is no agreement on the US Debt Ceiling. He also said he will stay at the Capitol and continue working until a deal is done.

  • In the equity space e-minis are down ~0.2% trimming some of Thursday's gains. NASDAQ futures are down ~0.1%.
  • Elsewhere JPY is marginally firmer however moves in G-10 FX remain limited. US Tsy futures are little changed this morning dealing in narrow ranges thus far.

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