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Market Commentary

Futures lower as world reacts to Turkish crisis


Stock futures are pointing to a lower open with the weakness attributed to ECB comments regarding bank's exposure to the Turkish lira, which has plummeted against world currencies. The U.S. domestic economic calendar has the consumer prices report scheduled for release at 8:30 am ET. Oil prices are slightly higher and just above $67 per barrel amid concerns of a supply disruption in response to the sanctions against Iran. In early pre-market trading, Dow futures are 109 points below fair value, Nasdaq futures are 40 points below fair value and S&P futures are 12 points below fair value.

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