U.S. stock futures were lower on the final trading day of the week, with investors monitoring attacks on oil tankers in the Gulf of Oman and reacting to economic data out of China.
Market players are closely watching geopolitical events, with attacks on oil tankers in the Middle East giving oil prices a boost. Brent crude climbed 0.4% to $61.57 a barrel, while WTI crude was up 0.1% at $52.33.
Iran hit back at Washington, denying Pompeo’s claims. Iran’s Foreign Minister Mohammad Javad Zarif said on Twitter that the U.S. “immediately jumped to make allegations against Iran—/wo a shred of factual or circumstantial evidence.”
Meanwhile, China’s industrial output growth slowed to a more than 17-year low of 5% in May, well below expectations, in the latest sign of weakening demand in the world’s second-largest economy as the United States ramps up trade pressure.
U.S. data also looms, with traders looking out for upcoming retail sales and industrial production data for May, as well as the consumer sentiment index for June.
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