Futures marginally lower; turmoil in Iraq continues


The story is oil which has risen to a 9-month high behind the escalating violence in Iraq, with Iranian forces joining those from Iraq to combat Sunni militants and the White House considering returning to military action in the country. WTI crude +0.4% to $107 per barrel.

Europe's Stoxx 50 -0.7%, and Asia was mostly higher overnight.

The 10-year Treasury yield is flat at 2.6% and gold is flat at $1,274 per ounce.

ETFs: SPY, QQQ, SH, DIA, SSO, SDS, PSQ, VOO, IVV, SPXU, UPRO, TQQQ, SPXL, QID, RSP, SQQQ, DOG, QLD, DXD, RWL, EPS, UDOW, SDOW, DDM, BXUB, QQEW, QQQE, SFLA, SPLX, QQXT, BXUC, SPUU

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Comments (12)
  • User 353732
    , contributor
    Comments (5166) | Send Message
     
    Thugs, tyrants and terrorists advance to exploit the global retreat of the US and the vacillating cowardice of the US Regime.
    Babbling about resets and soft power is no substitute at all for military power and the willingness to support allies and confront foes with palpable lethal force.
    13 Jun 2014, 07:35 AM Reply Like
  • JANFA
    , contributor
    Comments (214) | Send Message
     
    You seem to be very energetic User 353732 - do you have money to pay for all the actions you are suggesting we should take?
    13 Jun 2014, 07:55 AM Reply Like
  • financeminister
    , contributor
    Comments (1228) | Send Message
     
    They have money for everything else that does not work, are very efficient at restricting businesses that can generate growth and will not leave any stone unturned to demonize industries that have provided jobs and needed services for generations.
    13 Jun 2014, 08:16 AM Reply Like
  • june1234
    , contributor
    Comments (4473) | Send Message
     
    they've already spent $1trillion, 5000 american lives, who knows how many of theirs on Iraqi freedom part 1. part 2 coming up? Maybe locals will want to defend "Iraq" next time?
    13 Jun 2014, 08:19 AM Reply Like
  • Gary Jakacky
    , contributor
    Comments (2968) | Send Message
     
    Better yet Janfa....I think it is about time that Europeans, Asians, and folks in the middle east stood up ON THEIR OWN and paid for their OWN DEFENSE. Before I decide to send your mom or dad, sister or brother, or son or daughter off to war, THEY are going to make a financial, military, and moral commitment.
    13 Jun 2014, 08:40 AM Reply Like
  • financeminister
    , contributor
    Comments (1228) | Send Message
     
    If we could be independent of trouble-spot oil, we could leave the middle east to their own shenanigans.
    13 Jun 2014, 10:17 AM Reply Like
  • JANFA
    , contributor
    Comments (214) | Send Message
     
    Now you talk like George the Decider, go on.
    13 Jun 2014, 11:51 AM Reply Like
  • Michael Clark
    , contributor
    Comments (11825) | Send Message
     
    We shot our energy providing for Pax Americana over the last how many decades. It's time for the world to slip into chaos. Our weakness is ASSURED until 2019.
    13 Jun 2014, 07:40 AM Reply Like
  • John Georgiou
    , contributor
    Comments (234) | Send Message
     
    Market go on by the book..... http://bit.ly/1pcLkfw
    13 Jun 2014, 09:10 AM Reply Like
  • Krakin
    , contributor
    Comments (82) | Send Message
     
    Known fact the middle easterners have been lopping off each other's heads for thousands of years.They obviously are hard wired to hate everyone and everything.so so sad!
    13 Jun 2014, 09:34 AM Reply Like
  • taxman100
    , contributor
    Comments (642) | Send Message
     
    Interesting thing about this version of Iraq War is we are now arming both sides - Syrian rebels now fighting against the Iraqi government, and the Iraqi government.

     

    We are also pushing the Iraqi "government" into an alliance with Iran.

     

    I have to tell you, our Nobel Peace Prize President sure know his foreign policy!
    13 Jun 2014, 12:10 PM Reply Like
  • financeminister
    , contributor
    Comments (1228) | Send Message
     
    Not just that, Iran and the US are on the same side for the first time since the revolution - both are trying to prop up Malliki.
    13 Jun 2014, 01:06 PM Reply Like
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