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US Futures are Higher This Morning as Investors Weighed the Fed Minutes and OPEC’s Production cut Deal

US futures are higher this morning as investors weighed the Fed minutes and OPEC’s production cut deal.  Markets closed higher yesterday after the Fed’s May meeting minutes showed the Fed officials were mostly in unison on their method of unwinding the Fed’s large balance sheet when that time comes.  That optimism seems to be rolling into futures this morning despite OPEC’s decision to only extend production cuts 9 months which is less than expected.  Oil prices are lower on the news out of OPEC.  In economic data, weekly jobless claims came in at 234,000 compared to estimates of 237,000.  Asian markets closed higher led by the Shanghai as they tracked the previous US session.  Markets in Europe are trading mostly lower as a drop in oil prices weighed on markets there.

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