Investing.com -- U.S. stock futures traded largely lower Friday, with the focus on quarterly earnings from a number of the country’s major banks.) all report results early Friday, and investors will be looking closely at these numbers as the health of the banking sector can often be used as a measure of the strength of the economy as a whole.
The uncertainty over the interest rate outlook is likely to hang over the first-quarter earnings season as a whole. Crude prices rose Friday as geopolitical risks, particularly in the oil-rich Middle East, remained elevated, but are set for weekly losses on concerns over U.S. monetary policy.U.S. officials have predicted an attack by Iran against Israel shortly, in retaliation for a suspected Israeli air strike against a top Iranian military commander in Damascus earlier this week.
However, both contracts are still expected to end the week lower as sticky U.S. inflation pointed to the Federal Reserve keeping interest rates at high levels for longer than previously expected, potentially hitting activity in the world’s largest economy.cut its forecast for oil demand growth this year, by around 100,000 barrels per day to 1.2 million barrels per day, in its latest monthly report, released earlier Friday.
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