US equity futures are pointing to a lower open as of 04:45 ET. This follows weaker markets in Asia, whilst European equity markets have also opened lower. The rate back-up on supply pressures, firmer data, and the commodities rally are an overhang on the market. This follows last week's weakness in Treasuries on hawkish Fedspeak and minutes, and also positive macro surprise momentum.
Companies mentioned: ConocoPhillips (NYSE:COP), Marathon Oil (NYSE:MRO), Merck