Markets Pre-Open: US

U.S. stock futures point to a higher open, but that's just the surface. Underneath, a more significant battle is shaping up between sticky inflation and slowing growth.

Money Moves

• Geopolitical premium rebuilds: Oil prices are back near $90 a barrel after Iran targeted U.S. allies Jordan, the UAE, and Kuwait overnight, escalating the Middle East conflict and threatening Strait of Hormuz disruptions.
• Yen rallies hard: The Japanese Yen surged over...