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Global stock markets were mostly lower overnight. U.S. stock indexes are pointed toward lower openings when the New York day session begins, on this first trading day of the month and of the second half of 2022. Potential U.S. and/or global economic recessions are on the front burner of the marketplace at present, and that’s bearish for equities. The major central banks have signaled to the marketplace that tamping down inflation is more important than keeping economies growing.
The key outside markets today see Nymex crude oil prices higher and trading around $108.80 a barrel. The U.S. dollar index is solidly higher in early U.S. trading. The yield on the 10-year U.S. Treasury note is fetching 2.954%.